Greater earnings visibility for Gamuda

One of Gamuda's projects on the outskirts of Kuala Lumpur. - File pic

PETALING JAYA: Gamuda Bhd’s contract win from Pengurusan Air Selangor Sdn Bhd valued at RM1.97bil is expected to provide the infrastructure group greater earnings visibility over the next three years.

Last Friday, the group said it won Package 1 of Rasau Water Supply Scheme (phase one) worth RM1.97bil. Gamuda is the main contractor for this project, which will start on July 15 and targeted for completion on June 30, 2025.