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.
Plans are being worked on for an upgrade to the 2,083km Pan—Borneo highway. The Malaysian Government is discussing options with regard to the highway, which connects Sarawak's Sematan, with Brunei and Sabah's Serudung. The work is expected to require five years to be carried out and would also include constructing link roads. The project is expected to cost in the order of US$3.23 billion and Malaysian contractor Naim Holdings is amongst the leading bidders for the work. The highway project forms part of an
Bangladesh has formally signed a US$705 million deal with China Communication Construction to build a multi-lane road tunnel underneath the Karnaphuli River in Chittagong.
Road Transport and Bridges secretary Man Siddique along with the government’s Road Transport and Bridges minister Obaidul Quader signed the contract with Liu Qitao, chairman of China Communication Construction.
The signing took place in Beijing, according to a report in the Bangladesh newspaper The Independent.
Malaysia’s construction boom has reached its peak, according to a new Business Monitor (BM) report on the country’s infrastructure investment.
The leading global independent business research data provider’s report states that Malaysia’s construction activity in Q2 2013 represented the lowest pace of expansion since Q4 2011. BM expects this slowdown to intensify, primarily due to falling demand for residential and non-residential buildings, as well as concerns about Malaysia's fiscal position. These concer
