Cabinet accepts MMC-Gamuda offer

Works get nod: A file picture showing MMC-Gamuda tunnelling crew from its Tunnelling Training Academy at work. MMC-Gamuda made an offer to reduce the cost of MRT2 underground works by RM3.6bil, or 21.5, to RM13.11bil. The offer has been accepted.

PETALING JAYA: Shares of Gamuda Bhd and MMC Corp Bhd jumped after the Finance Ministry gave the green light on the continuation of underground works for the Mass Rapid Transit Sungai Buloh-Serdang-Putrajaya Line (MRT2) project at a reduced cost.

Gamuda’s shares rose 15 sen, or 6.47%, to close at RM2.47, while shares of MMC Corp Bhd gained four sen, or 3.57%, to end at RM1.16 yesterday.