Gamuda and IJM set to gain from East Coast Rail Link project
CIMB Research said Gamuda has the advantage in the underground portion of the project while IJM has an edge in the hill-tunnelling scope. (Pic shows one of Gamud's projects under construction.)
PETALING JAYA: Contractors Gamuda Bhd and IJM Corp Bhd are set to be the potential beneficiaries of the largest double tracking rail project the East Coast Rail Link (ECRL), due to their strong rail expertise, according to analysts.
CIMB Research said Gamuda has the advantage in the underground portion of the project while IJM has an edge in the hill-tunnelling scope.
Based on the details of the ECRL, there will be a total of 50km of tunnelling and underground alignment.
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