Gamuda, MRCB Team Up to Tender for KL-Singapore HSR’s PDP Appointment
The Star Online, Photo Credit to The Star Online
clock 29-11-2017
hit 592

KUALA LUMPUR: Gamuda Bhd is teaming up with Malaysian Resources Corp Bhd (MRCB) to participate in the tender exercise for the appointment of project delivery partner (PDP) for the Kuala Lumpur-Singapore High-Speed Rail (HSR) project.


In a filing with Bursa Malaysia, Gamuda said it had on Tuesday entered into an agreement with MRCB to cooperate in trying to secure the award as the PDP.

Both parties would have a 50% interest in the PDP joint venture, it said.

"Upon the successful award as the PDP, Gamuda and MRCB shall enter into the relevant definitive agreement(s) to formalise the joint venture and to set out the rights and obligations of each party in the said joint venture" it said.

Gamuda said it would make the necessary announcement to Bursa Malaysia as and when there was a material development in relation to the project.

Tenders for the PDP to undertake the civil infrastructure work for the Malaysian portion of the HSR project, estimated at RM30bil, were out on Wednesday last week.

A briefing will be held on Dec 4 and only firms that are currently involved in HSR-related projects will be invited for the tender exercise.

MyHSR Corp Sdn Bhd said in a statement that the PDP would be responsible to develop the detailed design for the infrastructure works and construct these works on budget and on time.

This infrastructure design covers the station and the alignment structures – bridges, tunnels and embankments – within Malaysia.




WHAT DO YOU FEEL ABOUT THIS?

0
LOVE
0
HAPPY
0
SURPRISED
0
SAD
0
ANGRY


COMMENTS
Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment.

SIGN UP NEWSLETTER

logo
Monthly Column
The staple of your property-related materials. It's all about being ahead of the game and with The Column, you get carefully selected information that will keep you informed and running with the pack. The best news, articles and properties on the market from the Property Hunter portal, conveniently wrapped and ready, just for you.

logo
Weekly Window
Your weekly dose of what's hot and what's not in property. The window is your view into the realm of real estate in Malaysia, curated from our portal based on the most popular pieces over the week. For those who just can't get enough, this is for you. Ain't nobody got time for dailies anymore, weekly is the new daily.