TasVic Greenlink - a joint venture between Gamuda’s wholly owned Australian unit DT Infrastructure Pty Ltd and Samsung C&T - was awarded the balance of the works package for Stage 1 on Monday, according to TasVic and MLPL in separate statements.

Marinus Link Pty Ltd. (MLPL), the Australian government-owned entity responsible for the project, said it is in final negotiations with TasVic over the contract, which covers civil and electrical infrastructure works, including converter stations at Heybridge in Tasmania and Hazelwood in Victoria, as well as 90 km of land cable works across Gippsland.

“The successful tenderer will need strong local business capability to deliver on this massive construction campaign and we’ve set targets to incentivise this,” MLPL CEO Stephanie McGregor said.

According to McGregor, nearly 600 stakeholders attended industry engagement sessions in February this year, with more than 500 subcontractors and suppliers already registered through the Industry Capability Network gateway.

Construction for Stage 1 is expected to commence in 2026, subject to regulatory and environmental approvals, with completion targeted for 2030.

“We are excited to be delivering this monumental project in partnership with Samsung C&T. Through our combined expertise, we are delivering a solution that ensures the continuing growth of the renewables sector while connecting communities with low-cost clean energy,” DT Infrastructure CEO John Anderson said.

Samsung C&T Australia managing director Scott Choi said the South Korean engineering giant will leverage its global expertise in high-voltage direct current (HVDC) systems to deliver Marinus Link.

“Samsung C&T is honored to play a key role in this landmark project connecting Tasmania and Victoria. We are looking forward to collaborating in partnership with DT Infrastructure on this exciting project,” Choi said.

The final contract value under the Tasvic Greenlink JV is expected to be announced by end-September 2025 before work commences in 2026, said CIMB Securities in a note following the news.

The estimated total cost for the first stage of the Marinus Link has been reported to be over A$5 billion (about RM13.9 billion), the research house noted, comprising a single 750MW direct current transmission link and telecommunications connector worth A$3.9 billion and the North West Transmission developments worth A$1.1 billion.

In the Australian market, Gamuda has made its mark with major infrastructure projects such as the Sydney Metro West – Western Tunnelling Package (AUD2.16 billion) and the Metronet High-Capacity Signaling Project in Western Australia.

In the clean energy sector, through DT Infrastructure, Gamuda is also undertaking the Boulder Creek Wind Farm project worth AUD243 million in Queensland. These projects highlight Gamuda’s international construction capabilities while underscoring its commitment to supporting Australia in advancing sustainable infrastructure and transitioning to renewable energy.

Gamuda Land is the property development arm of Gamuda Berhad, Malaysia’s leading corporation in engineering, property, and infrastructure. With eight projects currently in Hanoi, Ho Chi Minh City, Dong Nai, and Hai Phong, Gamuda Land is creating vibrant destinations that harmonize nature with modern lifestyles.

Guided by a pioneering vision to build prosperous global communities - places where people aspire to belong and thrive sustainably across generations - Gamuda Land continues to set new benchmarks for living spaces and enduring value.

Alongside its collaborative projects in Australia and Malaysia, this past September Gamuda Land Vietnam and Samsung Vina Electronics signed a strategic partnership, committing to jointly research, develop, and apply smart technology solutions in real estate, thereby elevating the living experience for residents.