Friday, January 7, 2011

GAMUDA & MMCCORP Joint venture

  • Gamuda & MMCCORP JV may benefit from MRT contract estimated at RM36bill ($11.5bill).  
  • Strong chance of bagging the tunneling works worth RM14bill for the whole MRT project, as Gamuda is probably the only local contractor qualified for the task.  
  • 2% margin payback if project finishes early. 
  • Potential beneficiary for cement – LMCEMNT & steel – ANNJOO  

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