Friday 01 Dec 2023
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KUALA LUMPUR (Oct 29): Gamuda Bhd and MMC Corp Bhd have been appointed as the project delivery partner (PDP) for the Klang Valley Mass Rapid Transit Line 2 project, which is estimated to cost about RM23 billion.

In two separate Bursa Malaysia filings this evening, Gamuda and MMC said they had received a letter from Mass Rapid Transit Corporation Sdn Bhd, appointing a joint venture company to be established between MMC and Gamuda.

"The terms and conditions of the PDP’s appointment will be contained in a project delivery partner agreement, to be negotiated and agreed," both filings said.

"Gamuda [and MMC] will make the appropriate announcement to Bursa Malaysia, as and when there is a material development in relation to the Line 2 Project," it added.

Line 2 will run through Sungai Buloh–Serdang–Putrajaya.

Gamuda closed one sen down at RM4.99, with a market capitalisation of RM11.6 billion, while MMC Corp closed one sen higher at RM2.52, with a market cap of RM7.67 billion.

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