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The division registered yet another year of solid
performance with the Klang Valley Mass Rapid Transit
(Sungai Buloh – Kajang Line) (KVMRT, SBK Line) taking
centre stage.
The KVMRT, which is a cornerstone project under
the Greater Kuala Lumpur/Klang Valley National Key
Economic Area (NKEA) of the Economic Transformation
Programme, is the country’s single largest public
infrastructure project to-date.
The presently under construction KVMRT, SBK Line
is the first of three integrated urban rail lines, which
will collectively connect highly populated residential,
commercial, business and key employment districts
within Greater Kuala Lumpur. It forms part of a national
effort to alleviate severe traffic congestion in the city
centre and serve the transportation needs of the rapidly
growing population of Kuala Lumpur.
The KVMRT project is undertaken by MMC-Gamuda JV,
a 50:50 joint venture company with MMC Corporation
Berhad. The joint venture was appointed the Project
Delivery Partner (PDP) for the entire SBK Line, as well as
the turnkey contractor for the 9.5km underground works.
Overall work progress for SBK Line registered at 26% as
at August 2013, a significant achievement compared with
the 3% achieved as at December 2012.
Works are advancing fast with progress on-track at both
elevated and underground sections of the SBK Line.
On the other hand, the 329km Electrified Double Track
Project (EDTP) from Ipoh to Padang Besar is approaching
completion, which is scheduled in November 2014.
With progressive receivables attained from the above
projects, the Engineering and Construction division
recorded yet another solid financial performance for
FY2013.
Revenue for the division leapfrogged to RM2.76 billion,
comprising a 45% jump from FY2012’s figure of RM1.91
billion. The division achieved pre-tax profit of RM162.7
million or 27% reduction from FY2012 pre-tax profit of
RM222 million. The reduction is due to Arbitral awards
and other costs in respect of the awards rendered by the
Arbitral Tribunals in favour of the Group’s subcontractors
amounting to RM110.7 million. Pre-tax profit before
the Arbitral awards and other costs would be RM273.4
million or 23% improvement from FY2012 arising from
higher work progress from the KVMRT, SBK Line project.
KVMRT, SBK Line Under Project Delivery
Partner (PDP)
One of the most noteworthy accomplishments made by
the PDP is that a total of 68 works packages, worth RM21
billion, have been awarded as at end FY2013, with 18
more minor packages to be awarded progressively over
the next financial year.
All civil and systems works packages have been awarded
to-date and works are progressing rapidly on all fronts.
As of May 2013, pier construction, ground piling works and
utilities relocation comprised the main activities taking
place at viaduct package worksites from V1 till V8 to pave
way for the construction of the elevated guideway for the
twin rail tracks, followed by the elevated MRT stations.
All construction activities for viaduct packages are
gearing towards viaduct construction, which will comprise
the bulk of the activities for both the northern (V1 to V4)
and southern (V5 to V8) elevated sections of the SBK
Line for the next one-and-a-half years.
020
Operations
Review
Engineering and Construction
Gamuda Berhad (29579-T)
Annual Report 2013
Revenue for the division leapfrogged to RM2.76 billion,
comprising a 45% jump from FY2012’s figure of RM1.91
billion.
Erection of steel frame for the building that will house the SBK Line’s rolling stock
for regular upkeep and maintenance is ongoing at the Sungai Buloh depot.