Gamuda JV wins RM1.8bil road upgrade contract in Australia
KUALA LUMPUR: Gamuda Bhd's Australian joint venture (JV) has secured an A$624 million (about RM1.8 billion) contract to upgrade two major roads in Western Sydney.
Gamuda's Australian joint venture, Gamuda BMD JV, has secured a significant contract worth A$624 million (approximately RM1.8 billion) to upgrade two major roads in Western Sydney. The Elizabeth Drive Upgrade-Mamre Road Upgrade Stage 2 project, awarded by Transport for New South Wales (TfNSW) on September 21, involves upgrading 4.5 km of Elizabeth Drive and 3 km of Mamre Road at Kemps Creek.
The design-and-contract work, which begins on September 21 and is expected to be completed by 2030, will be undertaken by both Gamuda Engineering Pty Ltd and BMD Constructions Pty Ltd, each holding a 50% stake in the JV. Gamuda's effective share of the contract amounts to A$312 million, which is expected to bolster the company's presence in Australia's road infrastructure sector and extend its credentials in the region.
The overall project is valued at A$2 billion and is jointly funded by the Australian and New South Wales governments. Gamuda's existing road projects in New South Wales include the Coffs Harbour Bypass, M1 Pacific Motorway Extension, and Richmond Road M7 Upgrade.
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
