MRT Job – Gamuda

So far, RM20 billion of the SBK Line has been awarded with the balance being systems, equipment and vehicle works. The final value of the line may be RM22-RM23 billion. Hence the PDP fee will be based on 6 per cent of RM14 billion or RM840 million. The SBK line is on track to be 15 per cent complete by mid-2013, paving the way for strong earnings in FY13F and beyond. We think at least one of the other two MRT lines will be approved by the government next year.

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