Major Corporate Milestone
August 2007: Won the approval to develop the 800-acre Yen So Park in Hanoi, Vietnam. The project entails developing Vietnam’s largest modern sewage treatment plant, a world-class urban park, an integrated township and a premier business district.
This RM8 billion project is Gamuda first property foray into the international market. Yen So Park is a testament of Gamuda’s finest township development and infrastructure expertise in a single project.
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, which 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.