New RM2b highway

PETALING JAYA: Putrajaya Perdana Bhd, alongside Pesona Metro Holdings Bhd, is on the verge of securing a highway concession in the Klang Valley worth over RM2.1bil, marking the start of both companies diversifying their business portfolio away from a heavy reliance on the construction industry.

The highway, with a 55-year concession period, will give both companies recurring income and beef up their order books. The highway is also expected to form the backbone of the return of Putrajaya Perdana as a listed entity to Bursa Malaysia.