PETALING JAYA: Gamuda Bhd and MMC Corp Bhd today announced the signing of two agreements with Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) in relation to the MRT2 project.
The first agreement is a supplemental agreement to the project delivery partner (PDP) agreement between MMC Gamuda KVMRT (PDP SSP) Sdn Bhd and MRT Corp.
The second is a novation agreement between PDP SSP, MMC Gamuda KVMRT (T) Sdn Bhd and MRT Corp.
In a Bursa filing, Gamuda said the agreements were to formalise the role of PDP SSP to deliver and be responsible for the design, execution and completion of the entire KVMRT SSP Line on a turnkey basis.
Meanwhile in a separate filing, MMC Corp said the lump sum construction cost remains at RM30.53 billion.
Neither of the agreements are expected to have any material effect on the earnings, net assets and gearing of Gamuda or MMC Corp for their financial years ending July 31, 2020 and Dec 31, 2020 respectively.
source https://www.thesundaily.my/business/gamuda-mmc-corp-ink-supplemental-agreements-for-mrt2-project-ML1904709
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