Gamuda Berhad (Gamuda) announced that the company together with Taiwan-based Asia World Engineering & Construction Co (Awec) has been awarded a contract worth approximately RM3.45 billion to design and build Kaohsiung Mass Rapid Transit (MRT) in Taiwan today (Oct 25).
In a Bursa listing today, the company said the project to design and build railway track for Metropolitan Line (Yellow Line) for civil engineering works under Package YC01, was from by the Taiwan Kaohsiung City Government’s Mass Rapid Transit Bureau, a MRT division established under Taiwan Kaohsiung City Government.
“The project is awarded to Gamuda and AWEC in an unincorporated joint venture arrangement, with Gamuda holding the majority share at 88% and AWEC at 12%,” it said.
This latest project marks its third railway project in Taiwan and second project in Kaohsiung. Gamuda built the Kaohsiung MRT Orange Line back in 2008.
Package YC01 is the second railway project in Taiwan undertaken by Gamuda and AWEC joint venture, with the first joint venture for RM2.13 billion TaoYuan City underground railway project (Package CJ18 ingZhen Commuter Station) in Taipei, secured in October 2022.
On the details of the project, the company said it include a 4.4km railway track located within NiaoSong District, comprising 3.5km underground twin bored tunnels (with 3 underground stations) and 0.9km of elevated tracks (with 1 elevated station).
“The Project is part of a substantial infrastructure initiative currently underway in Kaohsiung, Taiwan, with the primary goal of expanding and improving the Kaohsiung city’s public transportation system within the NiaoSong district.
“Its overarching aim is to create an efficient and modern mass rapid transit system to meet the ever growing demands of Kaohsiung’s urban population,” it said, adding the company said it will incorporate eco-friendly materials and sustainable landscaping for the project.
The company said it expected the project to bring approximately RM3.03 billion in revenue and to be completed in 9 years (107 months).
“The main risk for the Project will be the current tight labour market situation,” it added.
AWEC is a private limited general civil construction company incorporated in Taiwan with a total equity of NTD 773 million (equivalent to approximately RM114 million).
