KUALA LUMPUR: MMC Gamuda KVMRT (PDP SSP) Sdn Bhd has signed the project delivery partner (PDP) agreement with Mass Rapid Transit Corp Sdn Bhd (MRT Corp) for the implementation of the Klang Valley Mass Rapid Transit Line 2 (KVMRT Line2) project.
MMC Corp Bhd said in a filing with Bursa Malaysia yesterday that the jointly-controlled entity, MMC Gamuda, had signed a PDP agreement for the MRT Sungai Buloh-Serdang-Putrajaya Line.
The companies had in last October announced that MMC Gamuda had been appointed the joint-venture company to carry out the KVMRT Line 2 project.
“The PDP shall supervise and manage the construction, completion, testing and commissioning of the KVMRT Line 2 within the time and cost allocated for the project.
“The completion date for Phase 1 of the KVMRT Line 2 project is scheduled on July 31, 2021, while the completion date for the whole of the KVMRT Line 2 project is scheduled on July 31, 2022,” MMC and Gamuda said in separate filings with the stock exchange.
Both companies said they would fund their respective shares in the PDP through internally-generated funds and bank borrowings.