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THE MMC-Gamuda joint venture, which clinched the RM14.5bil contract for the North-South double-tracking project, will be offering DRB-HICOM, Emrail and DRB-HICOM Hikmat Asia the first right of refusal as sub-contractors, sources familiar with the deal said.
PRIME Minister Datuk Seri Abdullah Ahmad Badawi said the award of the North-South double-tracking rail project was discussed during the Cabinet meeting Wednesday and that the Government was obliged to award the contract to companies which offered the 'best cost.'
The Malaysian government's intention to deal directly with the Indian and Chinese governments in the controversy over the award of its double-track rail project will not jeopardise the position of the MMC-Gamuda consortium, in terms of proceeding with the RM14.5bil job.
GAMUDA Bhd and Malaysia Mining Corp Bhd (MMC) have received a letter of award from the Government for the electrified double-tracking rail project worth RM14.448bil. The project is the biggest construction job ever awarded in Malaysia.
'THE future of Sime Engineering Services Bhd (SES) is linked to the outlook of the oil gas industry.'' This statement, which appears in DMIB Bhd's circular to shareholders, has most probably been a catalyst for the sharp rise in the share price.
CIVIL works on the multi-billion ringgit electrified double tracking rail project linking Johor Baru to Padang Besar could be completed in three years, according to a proposal by Malaysia Mining Corp Bhd (MMC) which submitted a tender bid jointly with Gamuda Bhd last month.