Gamuda, MMC Corp ink JV agreement for MRT project

  • Mosti deny accusations that R&D grant of RM1.152 billion was abused – Bernama

    The Ministry of Science, Technology and Innovation (Mosti) today denied allegations of abusing grants amounting to RM1.152 billion that was allocated for research and development (R&D). Its deputy minister Datuk Dr Abu Bakar Mohamad Diah said the allocation for the R&D was given to researchers or applicants using a tight procedure. He said... …

  • Singaporean tourist killed, 39 injured in bus accident, the third in 8 days – Bernama

    A Singaporean tourist was killed while 39 others were injured, including two drivers, when the double-decker tour bus they were travelling in plunged into a ravine at KM70 of the Kuantan-Segamat highway near Pekan, Pahang, this afternoon.  The bus, driven by a local driver, transporting 38 Singaporean tourists from Redang Island, Terengganu to... …

  • Shahidan proposes 3 deputy director-general posts in Esscom – Bernama
    Shahidan proposes 3 deputy director-general posts in Esscom – Bernama

    Minister in the Prime Minister's Department Datuk Seri Shahidan Kassim (pic) has proposed to create three deputy director-general posts in the Eastern Sabah Security Command (Esscom) to enable it to function more effectively. Shahidan said the posts could be created representing the three leading enforcement agencies, Malaysian Armed Forces,... …

  • Raja Bomoh spouting mumbo-jumbo again
    Raja Bomoh spouting mumbo-jumbo again

    Bomoh (shaman) Ibrahim Mat Zin (pic, third left) is in the headlines for the wrong reasons again, this time for conducting a cleansing ritual along KM306.1 of the North-South Expressway. The area has been in the spotlight since last Thursday after Bukit Gelugor MP Karpal Singh died when his Toyota Alphard was involved in a collision with a... …

  • Government may install temporary pipe to channel water directly to Sg Langat – Bernama

    The Government is considering installing a 1.5-kilometre temporary pipe from the tunnel that will supply raw water from Pahang to the Langat 2 Water Treatment Plant, to Sungai Langat in Selangor to feed water to existing water treatment plants as a means to solve the water crisis in the Klang Valley. Deputy Minister of Energy, Green Technology... …

  • Syabas hopeful first, third, fourth stage of water rationing to end April 30 – Bernama
    Syabas hopeful first, third, fourth stage of water rationing to end April 30 – Bernama

    Water supply rationing for the first, third and fourth stage of the plan is expected to end on April 30, according to one of the parties responsible for the supply of the natural resource in the Klang Valley. Syarikat Bekalan Air Selangor (Syabas) corporate communications and public affairs assistant general manager, Priscilla Alfred said this... …

KUALA LUMPUR: Gamuda Bhd and MMC Corporation Bhd have teamed up to bid for the underground works package of the multi-billion ringgit Klang Valley Mass Rapid Transit project.

In separate filings on Wednesday, June 15, Gamuda and MMC Corp said they had signed a joint venture agreement whereby they would bid to pre-qualify and tender for the tunnelling, underground and such other works. Each company would have a 50% stake in the joint venture.

“The breakdown of the total capital, investment outlay and the eventual issued and paid-up capital of the joint venture will be according to the proportion of interest of each party and could only be determined when the joint venture is successfully awarded the underground works package of the project,” they said.

Gamuda and MMC Corp said the companies planned to finance their respective portions of investments in the joint venture via their own funds and/or borrowings.

Follow @YahooMalaysia on LINE for daily news updates.

Comments on Yahoo pages are subject to our link to Comments Guidelines. You are responsible for any content that you post. Yahoo is not responsible or liable in any way for comments posted by its users. Yahoo does not in any way endorse or support comments made by its users.

  • In funeral procession, thousands chant ‘Karpal Singh! Karpal Singh! Karpal Singh’ (VIDEO) The Malay Mail Online
    In funeral procession, thousands chant ‘Karpal Singh! Karpal Singh! Karpal Singh’ (VIDEO)

    GEORGE TOWN, April 20 — The streets of Penang’s historical city centre roared with the voices of thousands calling out the name of their state’s beloved son — Karpal Singh.  Elbows jostled with... …

  • Langkawi MP unrepentant, continues insults on late Karpal, says Facebook user The Malaysian Insider
    Langkawi MP unrepentant, continues insults on late Karpal, says Facebook user

    A Barisan Nasional MP whose Facebook posting poking fun at the death of Karpal Singh shocked Malaysians has again insulted the late DAP leader, this time comparing him to a hostile figure in Islamic history who fought against Prophet Muhammad. Facebook user Shamsul Kamal Ariffin Mohd Nasir, 42, told The Malaysian Insider that Langkawi MP,... …

  • Remains of Karpal’s aide to be flown back to India The Malaysian Insider
    Remains of Karpal’s aide to be flown back to India

    The remains of Karpal Singh’s personal aide Michael Cornelius, who died in Thursday's accident along with the Bukit Gelugor MP, will be flown back to India today, according to media reports. Prayers would be held for Michael, 39, at the Ipoh Hospital mortuary before his remains are transferred to the Kuala Lumpur International Airport, The... …