Gamuda to benefit from Penang LRT deal win

PETALING JAYA: Analysts are positive on the award of the first segment of the Penang Light Rail Transit (LRT) Mutiara Line contract to Gamuda Bhd’s 60%-owned SRS Consortium.

The project will be split into three components, comprising Segment 1 civil work for Silicon Island–Komtar, Segment 2 civil work for Komtar-Penang Sentral, and the turnkey system and rolling stock contract.