Keelung:Gamuda Bhd, in partnership with Taiwan-based MiTAC Information Technology Corp, has been awarded a NT$29.22 billion (approximately RM3.72 billion) contract to design and construct the Keelung Mass Rapid Transit (MRT) system in Taiwan. The joint venture between the two companies will oversee the trackwork project.

According to BERNAMA News Agency, Gamuda holds a 72.84 percent stake in the joint venture, translating to a contract share of approximately RM2.71 billion. MiTAC holds the remaining 27.16 percent stake. The contract was awarded by the Department of Rapid Transit Systems of the New Taipei City Government.

The Keelung MRT project will cover a 15.6 km alignment, which will include 13 stations, and will span Taipei City, New Taipei City, and Keelung City. The project is expected to last 2,820 days, or about 7.7 years, and is considered an extension of the Xizhi-Donghu MRT project secured by Gamuda on October 22, 2024.

Gamuda anticipates that the project will positively impact its revenue and earnings starting from the financial year ending July 31, 2027, continuing until the project's completion.