Gamuda’s Aussie tunnel contract remains intact

CGS-CIMB Research is optimistic that Gamuda could still deliver on high single-digit margin guidance in Australia if the SMW-WTP project continued.

PETALING JAYA: Gamuda Bhd reveals that its Sydney Metro West-Western Tunnelling Package (SMW-WTP) in Australia has reached 40% completion to-date.

Despite comments by local officials questioning the viability of the entire Sydney Metro West (SMW) project, the Malaysian construction and property group remains confident that its sub-contract work in Australia would continue, said CGS-CIMB Research.