The Gamuda Bhd-led SRS Consortium confirmed that the initial cost of RM27 billion for the Penang Transport Master Plan (PTMP) has ballooned to an estimated RM46 billion, after additional components were added by Seberang Perai Municipal Council (MPSP).

Gamuda Land Sdn Bhd, the property development arm of Gamuda Bhd, is investing RM63 million to build an international school campus at its Jade Hills township in Kajang, Selangor.

Given the size of the project, estimated between RM50 billion and RM60 billion, this is possibly the single biggest-ever construction project to be implemented in Malaysia. We expect the project to have an impactful boost to the local construction industry throughout the project implementation period.

Presenting its alternative PTMP at a press conference yesterday, Penang Forum said building the trams and BRTs would also take less time.

Three worth RM1.38b awarded yesterday.

According to MRT Corp director of strategic communications and stakeholder relations Datuk Najmuddin Abdullah, the packages will be awarded in 2017.

The GEM Residences condominium jointly developed by Gamuda Land, Evia Real Estate and Maxdine Pte Ltd, in Toa Payoh, Singapore, has achieved a take-up rate of 55% since its launch on May 28, said Gamuda Land in a statement today.

MMC Corporation Bhd and its partner in the Klang Valley Mass Rapid Transit (KVMRT) project are being sued for over RM300 million for an alleged breach of contract relating to a land acquisition for the project.

Gamuda Land, the property arm of construction group Gamuda Bhd, aims to launch Kundang Estates residential development in Kampung Baru Kundang, Rawang, at the end of next month, said the developer’s chief operating officer, Ngan Chee Meng.

But interested buyers can grab a unit now, before the new stamp duty surcharge kicks in on July 1

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