Gamuda ignites optimism

Sprawling investment: Gamuda has bought Deutsche Bank AG’s soon-to-be-vacated London office in Winchester House for RM1.4bil in one of the city’s biggest property deals this year. — Bloomberg

OVER the years, Gamuda has been involved in infrastructure development and participated in the ownership of government awarded concessions of such projects.

However, given tariff pressures in both the water sector and also the tolled highway industry, it became clear that it was not a long-term sustainable business model to rely on government subsidies to maintain the contractual tariffs, as this has also became a financial burden to the government itself as it sought to preserve sanctity of contract.