Gamuda, IJM likely RM6bil flood tunnel job winners

Beyond Gamuda and IJM, another potential beneficiary of Selangor’s rejuvenation of big-ticket flood mitigation jobs would be Econpile Holdings Bhd.

PETALING JAYA: Should the proposal to build a RM6bil Japanese-inspired underground flood tunnel system in Selangor be approved by the federal government, it could herald a revival of larger-scale flood mitigation schemes.

CIMB Securities Research also said in a note that listed contractors with larger balance sheets are poised to benefit from the underground tunnel project.