Gamuda-BMD JV invited to tender for A$2.6 billion Australian motorway project

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KUALA LUMPUR (April 20): A joint venture (JV) between Gamuda Bhd and BMD Constructions Pty Ltd has been invited to tender for a motorway connecting to the south of Sydney, Australia, costing about A$2.6 billion (RM7.27 billion).

According to a statement by the New South Wales (NSW) state government, successful applicants from last year’s expression of interest to design and construct the M6 Stage 1 project will be invited to tender, including the Gamuda-BMD JV, Acciona-Samsung JV and CPB-Ghella JV.

NSW’s Minister for Roads Andrew Constance said the project, which will allow motorists to bypass up to 23 sets of traffic lights on the Princes Highway and take up to 2,000 heavy vehicles off surface roads per day, will create around 5,300 jobs.

“We know many workers, contractors and sub-contractors are doing it tough during this challenging period, and the start of works on the M6 Stage 1 will be a major boost for the construction industry.

“In NSW there are almost 400,000 people employed in property and construction, and we are committed to keeping as many of them in work as possible,” said Constance.

“The construction of the M6 Stage 1 will create thousands of new jobs and support families across Sydney,” he added.

He also said a A$20 million upgrade of recreational facilities at popular local parks at Rockdale and Brighton-Le-Sands will start in mid-2020.

Gamuda’s share price rose six sen or 1.85% to close at RM3.30, giving a market capitalisation of RM8.29 billion.