Gamuda-Led SRS consortium secures RM8.3bil Penang Mutiara Line project


The contract was signed between Gamuda Bhd deputy group managing director Datuk Ha Tiing Tai (third from left), representing SRS Consortium and Mass Rapid Transit Corp Sdn Bhd chief executive officer Datuk Mohd Zarif Hashim (fifth from right). The signing ceremony was witnessed by Transport Minister Loke Siew Fook (middle), together with representatives from SRS Consortium and MRT Corp.

PETALING JAYA: Gamuda Bhd via its 60% subsidiary, SRS Consortium Sdn Bhd, has been awarded the first civil works package of the Penang Mutiara Line, valued at RM8.3bil.

In a statement, Gamuda said the Penang Mutiara Line project is by MRT Mutiara Sdn Bhd, a subsidiary of MRT Corp Sdn Bhd.

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

Next In Business News

Oil prices head for 2% weekly gain as Fed hopes boost market, Venezuela tensions loom
Ringgit opens stronger at RM4.10 vs greenback
Subdued trading on Bursa continues as traders await Fed rate decision
Trading ideas: DRB-Hicom, Al-Aqar, Haily, Pharmaniaga, Gagasan Nadi, Paragon, Orkim, BMS, VS Industry, APB, Destini, MSC, Only World, HB Global, Jetson
Indices end near flat, supported by Fed hopes
Ringgit to hold firm into next year
Opportunity for investors to profit from Spritzer
PSP Energy set to expand marine fuel business
Haily wins RM43mil housing job
DRB-Hicom to pay US$111mil for Spirit Aerosytems

Others Also Read