Gamuda Secures RM3.7 Billion Taiwan Kaohsiung Port Contract

Gamuda Bhd has secured its ninth project in Taiwan, winning a RM3.72 billion contract through a joint venture with Taiwan-based Dong Pi Co Ltd to construct a wharf and connecting roads for the Kaohsiung Port Intercontinental LNG Terminal. Gamuda holds a 70% stake in this JV, with the remaining 30% owned by Dong Pi, and the project entails building 2.19km of seawall, a 1.2km connecting bridge, a 729m wharf, and multiple marine platforms, expected to be completed within five years. This contract, awarded by the state-owned Taiwan International Ports Corp Ltd, aims to facilitate the efficient import, storage, and regasification of LNG for delivery to Dalin and nearby users, with Gamuda anticipating around RM2.6 billion in revenue from the project. The company has been active in Taiwan since 2002, contributing to various infrastructure projects including MRT lines, underground railways, and marine constructions. This latest award follows an earlier March 2025 win involving a RM557.2 million underground transmission line project in Taiwan, reinforcing Gamuda's significant and growing presence in the region's infrastructure sector. The announcement led to a 3% increase in Gamuda's share price, reflecting investor confidence in its overseas expansion strategy.