History of Gamuda
Berhad.
1976
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Gamuda
was incorporated on 6 October 1976.
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1992
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Gamuda was listed on the main board
of the Kuala Lumpur Stock Exchange on
10 August 1992.
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1993
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In 1993 Gamuda, a partner in the consortium
company KESAS Sdn Bhd, signed a concession
agreement to undertake the construction,
operation, maintenance and management
of the Shah Alam Expressway for 28 years
and nine months.
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1994 |
In 1994 Gamuda acquired its first landbank
with the purchase of Ladang Bukit Kemuning
in Shah Alam, Selangor. This marked Gamuda's
entry into township development.
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1996
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In 1996 Gamuda signed a second concession
agreement with the Federal Government
via Lingkaran Trans Kota Holdings Berhad
(LITRAK) for the privatisation of the
Lebuhraya Damansara Puchong (LDP) Highway.
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1997
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In 1997 Gamuda followed the LDP Highway
concession with a concession agreement
through SPRINT for the improvement, upgrading,
design, construction, maintenance, operation
and management of the SPRINT Highway.
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2000
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In 2000, one of Gamuda's associate
companies, SPLASH (Syarikat Pengeluar
Air Sungai Selangor Sendirian Berhad),
signed a concession agreement with the
Selangor State Government for the Sungai
Selangor Phase 3 Water Project (SSP3).
In 2000, Gamuda was voted Best Asian
Construction Company by Euromoney magazine.
In November 2001 Gamuda signed a concession
agreement with the National Highways Authority
of India (NHAI) to undertake the Panagarh-Palsit
Highway projects in West Bengal, India.
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2001 |
In November 2001 Gamuda signed a concession
agreement with the National Highways Authority
of India (NHAI) to undertake the Panagarh-Palsit
Highway projects in West Bengal, India.
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2002 |
In March 2002 Gamuda signed a second
concession agreement with NHAI for the
Durgapur Highway, also in West Bengal.
In July 2002 Gamuda signed a joint venture
agreement with MMC Engineering to jointly
undertake the construction of SMART -
an integrated bypass tunnel-cum-motorway
in Kuala Lumpur City.
In October 2002 Gamuda signed a joint
agreement with New Asia Construction &
Development Corporation of Taiwan and
the Kaohsiung Rapid Transit Corporation
to undertake the Kaohsiung Mass Rapid
Transit Project in Taiwan.
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2003 |
Gamuda signed a Shareholders' Agreement
with Malaysia Mining Corporation Berhad
(MMC) to regulate their rights and liabilities
inter se as shareholders of the company
which will undertake, carry out and implement
the RM14.448 billion Electrified Double-Tracking
Project between Ipoh-Padang Besar and
Seremban-Johor Bahru (2T Project) pursuant
to the Letter of Award dated 21 October
2003 issued by the Government of Malaysia.
Gamuda signed an EPC Joint Venture Agreement
with MMC to form an unincorporated joint
venture for the purpose of undertaking
and implementing the Stormwater Management
And Road Tunnel (SMART) Project as an
EPC Contractor.
On the same day, Gamuda signed a Deed
of Revocation with MMC Engineering Group
Berhad, a subsidiary of MMC, in relation
to the Joint Venture Agreement dated 26
July 2002.
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2004 |
MMC-Gamuda Joint
Venture received a letter from the Government
of Malaysia informing the joint venture
that the Government had decided to postpone
the implementation of the 2T Project to
a date to be notified.
Gamuda secured the Nam Theun 1 Hydroelectric
Power Project in Lao People’s Democratic
Republic (PDR) to supply 400MW of electricity
to Electricity Generating Authority of
Thailand (EGAT). The Project has a development
cost of approximately RM1.5 billion.
Syarikat Mengurus Air Banjir & Terowong
Sdn Bhd (SMART Sdn Bhd), a 50% associate
company of Gamuda, signed the Construction
cum Concession Agreement with the Government
of Malaysia for the implementation of
the SMART Project. The SMART Project has
a total construction cost of RM1.933 billion.
It involves:
- the design, construction and commissioning
of the stormwater channel
- the design, construction and commissioning
of a double-deck motorway (Motorway);
and
- a 40-year concession for SMART Sdn
Bhd to operate and collect toll on the
Motorway.
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2005 |
Gamuda Land entered into a joint-venture
agreement with UEM Land to carry out a
mixed development and a golf course over
1,200 acres of land on Bandar Nusajaya,
Johor, Malaysia.
Gamuda-WCT joint venture awarded by the
Public Works Authority of the state of
Qatar the construction of the Dukhan Highway
project in Qatar.
Gamuda wins New Doha International Airport
project
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2006 |
In July, Gamuda was awarded the Sitra Causeway Project in Bahrain. The project is the third in the Gulf States and will involve the building of two marine bridges and associated embankment works together with flyovers at both ends of the Sitra Causeway and Nabih Saleh Island.
In December, Gamuda signed a tariff agreement with Thailand’s EGAT for Nam Theun 1 Hydropower Project. The Group which is the lead project sponsor of the US$700 million hydropower project in Laos, inked the agreement with Electricity Generating Authority of Thailand (EGAT) on the future purchase of hydroelectric power. Gamuda is the sole EPC contractor for the project.
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