Gamuda wins bid for MRT project in Taiwan (China), total investment 4.3 billion RM

Gamuda Berhad (Gamuda) - Malaysia's leading engineering and construction group has just won the bid for the Xizhi Donghu MRT project (urban railway project) in Taiwan (China) worth RM4.3 billion (Malaysian ringgit), equivalent to NT$31.9 billion.

Gamuda's success in Taiwan (China) began with the implementation of the Kaohsiung MRT Orange Live line, awarded in 2002. Since then, Gamuda has contributed to the development of Taiwan (China)'s modern transport infrastructure - Photo: Gamuda

This is the seventh major infrastructure project Gamuda has undertaken in Taiwan, consolidating the group's position in the international market.

The project was awarded by the New Taipei City government (Taiwan) to an unincorporated joint venture between Gamuda (75%) and two local partners, MiTAC Information Technology Corp (15%) and Dong Pi Co Limited (10%).

Accordingly, Gamuda will undertake the majority of the work with a contract value of up to 3.2 billion RM (23.97 billion NTD), equivalent to about 18,656 billion VND (calculated according to the exchange rate of the first half of October 2024, specifically 1 RM equals 5,830 VND).

The Xizhi Donghu MRT urban railway design and construction project is expected to be completed in 7 years, with main items including: 5.78km of viaduct and track, 6 elevated stations, and essential systems such as trains, power supply, signals, platform gates, communication systems, central monitoring, automatic fare collection and maintenance equipment at the depot.

Gamuda representatives said the joint venture is also ready to carry out additional works worth RM10.8 billion (NT$80 billion) when required.

These projects include the maintenance depot for the Xizhi Donghu Line and the track system for two extension lines: Keelung Line MRT and Minsheng Line MRT.

The contract value from Gamuda’s additional works will be approximately RM8.1 billion (NT$60 billion). These items are expected to be awarded before the completion of the main project, bringing the total value of the entire project to approximately RM15.1 billion.

The MRT line will run within Taipei's Neihu District and New Taipei City's Xizhi District, and is expected to make a significant contribution to Taiwan's urban transportation network (China) - Photo: Gamuda

Regarding the project, a Gamuda representative said: "This is our biggest achievement in Taiwan since entering the market 20 years ago. This success is a testament to Gamuda's ability to win large-scale projects in competitive international markets, and reflects the strong confidence that Taiwanese authorities have in our expertise and project implementation capabilities."

The Xizhi Donghu MRT project is an important part of New Taipei City's large-scale infrastructure development strategy to meet the growing mobility needs of urban residents.

Gamuda's success in Taiwan began with the implementation of the award-winning Kaohsiung MRT Orange Line in 2008 (contracted in 2002).

Since then, Gamuda has played a key role in developing Taiwan’s modern transport infrastructure, including the RM2.13 billion Taoyuan City MRT project in 2022 and the RM3.45 billion Kaohsiung MRT Yellow Line in 2023.

In addition, the group has also completed and handed over the Guantang Sea Bridge in October 2023, and is deploying the seawall at Taipei Port and the 161kV underground transmission line from Songshu to Guanfeng.

In June 2024, Gamuda was announced by Institutional Investor Research (II Research) - a global independent research organization - as one of the top 3 leading enterprises in Asia in the field of construction and infrastructure development (excluding Japan).

Over the past nearly three decades, Gamuda Land, a member of the group, has developed many modern urban areas and prosperous communities in many countries.

Present in Vietnam since 2007, Gamuda Land Vietnam has built two green urban areas, Gamuda City in Hanoi and Celadon City in Ho Chi Minh City. Gamuda Land has expanded its investment scale to 7 projects in Vietnam.

Source: https://tuoitre.vn/gamuda-trung-thau-du-an-mrt-tai-dai-loan-tong-von-4-3-ti-rm-20241024211449078.htm