Friday, June 25, 2010

GAMUDA & MMC: How much money needed for MRT job?

GAMUDA Bhd and MMC Corp may need to raise RM4.8 billion for working capital and a performance bond if their joint venture is chosen to oversee a proposed RM36 billion mass rail project in Kuala Lumpur, Citigroup Inc said in a report today.

Gamuda and MMC’s joint venture proposal is being considered by Malaysia’s government and a decision is likely before year-end, Citi wrote. - Bloomberg

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