GAMUDA Bhd is reportedly proposing an early-stage funding mechanism for the yet-to-be-launched Mass Rapid Transit 3 (MRT3) project, according to sources close to the matter. “Gamuda has proposed to the government that, for the MRT3 project, the funding for the first two years will be borne by Gamuda under a private finance initiative (PFI), given that the government’s finances are currently limited. The MRT3 project is estimated to cost between RM27 billion and RM32 billion, according to a report published in April by CGS-CIMB Research. He also took on the role of managing director of Gamuda Engineering on Aug 1. More recently, Chin held the position of Special Officer to Lin, before stepping up as an executive director of Gamuda Engineering in January.
