Malaysia’s Gamuda buys 50% stake in Australian rail infrastructure firm

07 Nov 2019

Malaysia’s Gamuda buys 50% stake in Australian rail infrastructure firm

Malaysian engineering, property and infrastructure company Gamuda Berhad has acquired a 50% share of Martinus Rail, a New South Wales-based railway infrastructure firm.

The agreement will allow Gamuda and Martinus Rail to jointly tender for construction projects in Australia’s A$100 billion-plus infrastructure pipeline, increasing completion and choice for governments procuring major infrastructure projects. Gamuda Australia began operations in August 2019.

Gamuda Engineering managing director Datuk Ubull Din Om says: ‘This acquisition provides a springboard for Gamuda to contribute towards infrastructure development in Australia, especially in the railway industry, in addition to the upcoming metro tunnels and tolled road projects.

‘This is similar to what we have successfully achieved in other nation-building projects which have sustainably benefited the local supply chain in the economic and social segments.’

Gamuda is one of Malaysia’s largest infrastructure companies, with 5,000 employees and operations across Asia and the Middle East. The company is building Malaysia’s largest public infrastructure project, the A$10 billion Mass Rapid Transit (MRT) Line 2, a 53-kilometre metro rail system with 35 stations.

Martinus Rail managing director Treaven Martinus says Martinus Rail and Gamuda have complementary strengths in infrastructure construction.

‘We are excited by the prospect of bringing innovation and technology from a world-class rail infrastructure company like Gamuda to the Australian rail industry, and combining it with our extensive local experience to become Australia’s leading rail contractor,’ he says.

Martinus Rail is a privately owned Australian company specialising in the design, supply, construction and maintenance of railway assets.

Austrade worked with the Gamuda Group to identify the investment opportunity and provided advice on market entry strategies.

Contact Austrade for information on infrastructure opportunities in Australia.