Kumpulan Europlus and Malaysia government sign Expressway deal
Kumpulan Europlus (KE) and the Malaysian government have signed a deal for the construction of the West Coast Expressway. The multi-million dollar deal will see KE build the 233km highway.
January 4, 2013
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4213 Kumpulan Europlus (KE) and the 3491 Malaysian Government have signed a deal for the construction of the West Coast Expressway. The multi-million dollar deal will see KE build the 233km highway.
The Malaysian Government is working on its proposed strategy of taking over 15 highway links in the country. This move is intended to help boost transport efficiency and reduce journey times for drivers. Should the arrangement go ahead as planned, the aim is to eliminate tolling on the routes by 2038. The highways that the Malaysian Government hopes to acquire are currently owned by Gamuda, IJM Corp, Plus Malaysia and Projeck Lintasan Holdings. These include the North South Expressway, one of Malaysia’s key
Vietnam is considering selling its ownership in several major highways to help pay for more road projects.
The Ministry of Transport (MoT) recently said that the government’s infrastructure investor body Vietnam Infrastructure Development and Finance Investment (VIDIFI), would sell 70% of its ownership in the Hanoi–Hai Phong Highway project to a buyer from India.
The move is part of a strategy that could see Vietnam sell off more of its investment in highway projects, either under construction or complete
Contracts are now being awarded for a major new expressway project in Malaysia. The contracts relate to the project to construct the Sungai Besi-Ulu Kelang Elevated Expressway (SUKE). Malaysian firm Gabungan AQRS is now handling a US$126.4 million subcontract for the project that involves building a bridge section. This package of works should take two years to complete with the work scheduled to finish by the end of 2018.
