News about MMC-Gamuda

KUALA LUMPUR (Oct 29): While the revised cost structure of the mass rapid transit Sungai Buloh-Serdang-Putrajaya Line (MRT2) project could result in only a marginal total earnings contribution, analysts believe Gamuda Bhd's sacrifice in its profit margin is still preferable to a contract termination.

KUALA LUMPUR (Oct 29): The good news that MMC-Gamuda KVMRT (T) Sdn Bhd received last Friday that the consortium will remain the contractor for the underground portion of the mass rapid transit Sungai Buloh-Serdang-Putrajaya Line (MRT2) project comes with a catch.

KUALA LUMPUR (Oct 26): The Ministry of Finance has announced that MMC-Gamuda KVMRT (T) Sdn Bhd will remain the contractor for the underground works portion of the MRT Sungai Buloh-Serdang-Putrajaya line (MRT2) -- now at an even lower cost of RM13.

KUALA LUMPUR (Oct 12): Shares in Gamuda Bhd continued climbing in active trade this morning after rising 11.

KUALA LUMPUR (Oct 12): Shares in Gamuda Bhd continued climbing in active trade this morning after rising 11.

KUALA LUMPUR: The divide is around RM2 billion.

PETALING JAYA (Oct 10): The hashtag #SaveMRT2 is making the rounds on social media, launched by MMC-Gamuda Bhd as a response to the news that the contract for the underground portion of the Mass Rapid Transit Line 2 (MRT2) project will be retendered.

KUALA LUMPUR (Oct 10): Damansara MP Tony Pua said today the Malaysian Government is not terminating the Mass Rapid Transit Line 2 (MRT2) underground work project because the government plans to award the project to a contractor which can undertake the work at a lower cost.

Dear Directors of MMC-Gamuda, Let me applaud you for putting up a great show since the Minister of Finance, Lim Guan Eng announced the Cabinet decision to (i) accept the offer from MMC-Gamuda to reduce the cost of the MRT2 Above Ground works by RM5.

KUALA LUMPUR (Oct 10): MMC-Gamuda KVMRT (T) Sdn Bhd can participate in the international tender for the unfinished underground works of mass rapid transit Line 2 (MRT2) project, said Finance Minister Lim Guan Eng.