The contract, smaller than Gamuda’s typical order books, is a start for its overseas tunnelling works notwithstanding the tighter margins, the analysts said, while maintaining existing calls as the win makes up existing contract replenishment targets.
KUALA LUMPUR (Feb 22): Singapore’s Land Land Transport Authority (LTA) has awarded Gamuda Bhd's operating unit Gamuda Bhd Singapore Branch's (GBSG) joint venture (JV) with Wai Fong Construction Pte Ltd, a S$ 467 million (about RM1.45 billion) design and construction contract for the proposed Defu station and tunnels, which form a part of Singapore’s 29km Cross Island Line Phase 1 (CRL1) mass rapid transit (MRT) line.