PETALING JAYA: Gamuda Bhd
and MMC Corp Bhd have announced that their equal joint-venture (JV) entity – MMC Engineering Group Bhd, Gamuda Bhd – has decided to settle the protracted dispute with a contractor of the SMART tunnel project, Wayss & Freytag (M) Sdn Bhd.
In separate stock exchange filings, Gamuda and MMC said they would be paying RM109.14mil to Wayss & Freytag inclusive of interest as full and final settlement of the arbitration proceedings.
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