MMC-Gamuda holds out for solution


Under review: MMC-Gamuda was given the mandate to see the completion of the MRT2 as the project delivery partner in February 2014. However after the change in government in May this year, the project came under review.

PETALING JAYA: The MMC-Gamuda joint venture (JV) is holding out for an amicable settlement with the government in regard to the mass rapid transit phase two (MRT2) project.

It said in a statement that the underground portion of the project was 40% completed and it had already offered a RM2.3bil reduction in the price of the underground works that was awarded to the JV at a cost of RM15.47bil in 2016.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Gamuda , MMC , MOF , MRT2 , contract cancellation

Next In Business News

POWERING ASEAN’S DIGITAL GROWTH
Eco Business Park 8 first look signals new industrial opportunities in JS-SEZ
Wawasan Dengkil unit enters 25-year sublease for solar plant site
ICT Zone Asia secures RM23.82mil hardware deal
Fire hits Kumpulan Jetson subsidiary’s Port Klang factory
SDS Group’s London Bakery acquires 14.32 ha in Johor for RM101.7mil
Carlo Rino eyes Main Market transfer by 2H26
MTAG unit proposes RM53.6mil land acquisition in Tebrau
Ringgit closes lower amid US Fed leadership speculations
Pekat secures 21-year PPA for solar and battery project in Pahang

Others Also Read