Aussie high for Gamuda

PETALING JAYA: Gamuda Bhd capped the year with a significant expansion of its Australian footprint after securing three major infrastructure and energy-related contracts worth a combined RM10.7bil, pushing the group’s outstanding order book to a record high of RM46bil.

The latest wins span urban rail infrastructure in Sydney, renewable energy generation in South Australia, and a landmark electricity interconnector linking Tasmania and Victoria – underscoring the group’s increasingly diversified exposure across transport and energy transition projects in Australia.

“These latest project wins have lifted Gamuda’s order book to an unprecedented RM46bil, marking a new record high for the group,” the company said in a statement announcing the contracts.

The largest of the three awards is the Sydney Metro West – Stations Package West, valued at A$2.7bil, or approximately RM7.32bil, which represents Gamuda’s single biggest project win in Australia to date.

The design-and-construct contract was awarded by Sydney Metro, the procurement entity for the New South Wales government, to Gamuda Engineering Pty Ltd, a wholly owned sub-subsidiary of the group.

Under the contract, Gamuda Engineering will be responsible for the design and construction of five new metro stations along the Sydney Metro West alignment, namely Westmead, North Strathfield, Burwood North, Five Dock and The Bays.

The scope includes station structures, entrances and access points, station fit-out works, associated infrastructure, as well as transport integration and public domain works.

Planning and detailed design are expected to commence in January 2026, with major construction works slated for late 2026 or early 2027.

The project is targeted for completion in May 2031.

Gamuda said the project carries similar risk characteristics to other large-scale Sydney Metro contracts it has previously delivered, including complex structural and station construction works.

The Sydney Metro West award also marks the group’s second major contract under the Sydney Metro programme, following the A$2.16bil Western Tunnelling Package secured in 2022, with Gamuda adding that the latest win further strengthens its track record in delivering complex underground and urban rail infrastructure in Australia.

Alongside transport infrastructure, the group also expanded its renewable energy construction portfolio through its wholly owned Australian subsidiary, DT Infrastructure Pty Ltd.

DT Infrastructure was awarded the Balance of Plant contract for the Carmody’s Hill Wind Farm project in South Australia’s mid-north region, with the project being valued at A$265mil, equating to about RM718mil, with works expected to commence in early 2026 and to run for 28 months.

DT Infrastructure’s scope covers a range of civil works, including turbine foundations, internal access roads, drainage and erosion controls, crane hardstands, laydown areas and associated earthworks.

The contract also includes trenching and installation of underground cable routes, site preparation works as well as logistics coordination to support turbine delivery and erection.

Once operational, Gamuda pointed out that Carmody’s Hill Wind Farm is expected to contribute directly to Australia’s renewable energy transition by increasing clean energy generation capacity and reducing reliance on fossil fuels.

The company also noted that the project would also generate social benefits through local job creation, procurement opportunities and increased regional economic activity, while applying strong environmental management practices during construction.

The group’s third project win in two days, announced a day earlier, involves the Marinus Link Stage 1 – Balance of Works Package, a critical component of a proposed undersea and underground electricity interconnector between Tasmania and Victoria.

The A$994mil (RM2.69bil) contract was awarded by Marinus Link Pty Ltd, a jointly owned entity by the Australian federal government and the Victorian and Tasmanian state governments to TasVic Greenlink, a 50:50 joint venture between DT Infrastructure and Samsung C&T Corp of South Korea.

Under the joint venture arrangement, Gamuda’s expected share of revenue amounts to A$497mil, or approximately RM1.35bil.

The incentivised target cost contract covers the final major construction works for the first stage of the Marinus Link project, including civil, structural and electrical infrastructure.

According to Gamuda, the scope includes construction of converter station buildings, land cable civil works and other onshore installation activities that follow the award of the main cable and converter equipment packages, with the group expecting on-site works to begin in early 2026, with a contract duration of five years.

Gamuda said the Marinus Link project will strengthen Australia’s renewable energy infrastructure by enabling greater electricity flow between Tasmania, a major source of hydropower, and mainland Australia, thereby improving grid reliability and supporting emissions reduction.

Of interest, across all three projects, the group also highlighted a strong emphasis on environmental, social and governance (ESG) considerations.

For the Sydney Metro West stations, Gamuda is planning to deliver lower-carbon, high-performance station designs through energy-efficient modelling, use of low-carbon concrete, recycled steel and responsibly sourced materials, targeting high Green Star Buildings ratings, while social outcomes will be supported through community benefit initiatives, aboriginal and social procurement, and workforce training programmes.

Similarly, the Carmody’s Hill Wind Farm and Marinus Link projects are expected to deliver long-term environmental and social benefits through renewable energy generation, skills development, local employment and responsible environmental management.

Financially, all three contracts are expected to contribute positively to Gamuda’s revenue and earnings from the financial year ending July 31, 2026 onwards, with earnings visibility extending through to project completion.

The company also noted that none of its directors or major shareholders have any direct or indirect interest in the awarded projects.

With these latest wins, Gamuda’s Australian portfolio now spans major rail infrastructure, renewable energy generation and transmission, reinforcing the market as a key growth pillar for the group as it pursues large-scale, technically complex projects aligned with long-term sustainability objectives.