Gamuda and IJM set to gain from East Coast Rail Link project

Moving forward, the group anticipates a good performance this year from ongoing construction projects and steady earnings from the water and expressway concessions division.

PETALING JAYA: Contractors Gamuda Bhd and IJM Corp Bhd are set to be the potential beneficiaries of the largest double tracking rail project the East Coast Rail Link (ECRL), due to their strong rail expertise, according to analysts.

CIMB Research said Gamuda has the advantage in the underground portion of the project while IJM has an edge in the hill-tunnelling scope.