Gamuda wins RM1.77bil contract from Singapore LTA


The West Coast station and tunnels contract is Gamuda's third infrastructure project in Singapore.

KUALA LUMPUR: Gamuda Bhd Singapore Branch, has been appointed by the Singapore Land Transport Authority (LTA) to deliver around S$510mil (RM1.77bil) for the design and construction of the West Coast Station and Tunnels (known as Contract CR209).

“This is Gamuda's first independent venture in Singapore without joint venture partners, showcasing the group's strong delivery track record in the region and solidifying its role as a key player in the city-state's transportation infrastructure development,” Gamuda said in a statement.

Contract CR209 is Gamuda’s second railway project in Singapore (after Defu Station and Tunnels); and its third infrastructure project (after the Gali Batu Multi-Storey Bus Depot), all awarded by LTA.

Gamuda said the West Coast Station tunnelling package of contract CR209 is part of the new Cross Island Line Phase 2 (CRL2), the eighth mass rapid transit (MRT) line in Singapore, which comprises 15km with six underground stations. The West Coast Station will be constructed along West Coast Road.

Construction works are expected to start in the first quarter of 2024, with passenger service for CRL 2 targeted to commence in 2032.

Meanwhile, Gamuda posted a net profit of RM195.04mil, or earnings per share of 7.26 sen in the first quarter ended Oct 31, compared with RM1.17bil, or 45.32 sen in the same quarter last year.

Revenue, however, surged to RM2.8bil from RM1.3bil a year ago

It has declared a single tier interim dividend of 6.00 sen per ordinary share. The dividend date and the book closure date to be determined and announced at a later date.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Gamuda , Singapore , West Coast Station , MRT , LTA

   

Next In Business News

Asian shares lose ground as US inflation data awaits; kiwi slides
Toyota's global output rises by 7% in January
Farm Fresh posts higher 3Q net profit, jump in revenue
Hong Kong scraps property tightening measures to aid economic recovery
Malaysia's export, import unit value indices slip in January - DoSM
Public Bank's FY23 net profit rises to RM6.65bil
Maybank records jump in FY23 net profit to RM9.35bil
Hong Leong Bank posts improved net profit of RM2.12bil in 1HFY24
Alliance Bank to raise SME green project loan offerings
NCT Alliance's flagship project to boost bottomline

Others Also Read