Gamuda Berhad, one of the nation’s largest engineering, property and infrastructure companies, has acquired a 50% stake in Martinus Rail, a new railway infrastructure company based in New South Wales.
The agreement enables Gamuda and Martinus Rail to jointly bid for construction projects in Australia’s AUD100 billion-plus (RM288 billion-plus) infrastructure pipeline, offering more choices for the government’s procurement of major infrastructure projects. Gamuda Australia started operations in August 2019 as part of Gamuda’s strategy to diversify its construction business regionally. Gamuda Australia expects to be tendering more than AUD20 billion (RM57.6 billion) of work.
Datuk Ubull Din Om, Managing Director of Gamuda Engineering, stated that the acquisition provides a springboard for Gamuda to contribute to infrastructure development in Australia, especially in the railway industry, in addition to upcoming metro tunnels and tolled road projects.
“This is similar to what we have successfully achieved in other nation-building projects which have sustainably benefited the local supply chain in the economic and social segments.”
With 5,000 workers and operations throughout Asia and the Middle East and current projects including Malaysia’s largest public infrastructure project in Malaysia, the RM28.8 billion Mass Rapid Transit (MRT) Line 2, Gamuda has much to offer to its Australian railway counterpart
Treaven Martinus, Managing Director of Martinus Rail, emphasised that the strengths of both companies complement each other when it comes to infrastructure construction. Martinus Rail, a privately-owned Australian company, specialises in the design, supply, construction and maintenance of railway assets.
‘We are excited by the prospect of bringing innovation and technology from a world-class rail infrastructure company like Gamuda to the Australian rail industry, and combining it with our extensive local experience to become Australia’s leading rail contractor,’ he said.
Sources: www.austrade.gov.au and gamuda.com.my