Gamuda and Dong-Pi win RM522mil contract


Gamuda Singapore, a wholly owned subsidiary of Gamuda Bhd, made a joint bid of S$318.89mil (RM963mil) for the tract earmarked for executive condominium development .

KUALA LUMPUR: Gamuda Bhd and Taiwan’s Dong-Pi Construction Co Ltd have been awarded the construction contract for the Marine Bridge project at Guan Tang in Taiwan by state-owned oil and gas company CPC Corp Taiwan worth RM521.71mil.

In a filing with Bursa Malaysia, it said that the construction would be undertaken by an incorporated joint venture company comprising of Gamuda and Dong-Pi with 70% and 30% stakes respectively.

“The scope of the works involves the construction and completion of the 1.23km marine bridge connecting a receiving terminal to a man-made island, inclusive of soil investigation, foundation, temporary bridge and working platform as well as environmental protection works,” it said. The contract period of 44 months will commence in April. — Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Gamuda , Dong-Pi , Marine Bridge , CPC Corp , Taiwan , contract ,

   

Did you find this article insightful?

Yes
No

Next In Business News

Singapore's GIC cashes in on Taiwan stock boom -sources
Fall in glove stocks offsets banks' rally
Norway's Seadrill writes down US$2.9bil on its oil rigs
TM ONE introduces new brand strategy and enhanced website
Petronas inks agreement with Sarawak Energy to purchase power supply
PPB Group plans to expand grains, agribusiness segment across the region
Bank Negara maintains OPR at 1.75%, growth to improve from 2Q
Khazanah posts RM2.9b profit, dividend of RM2b for govt
GSC purchases MBO Cinemas' assets to strengthen leadership position
Lotte Chemical declares 3.27c dividend for FY20

Stories You'll Enjoy


Vouchers