West Coast Expressway needs cash injection


The construction of this Tanjung Dua Belas interchange and toll plaza is deferred pending the opening of West Coast Expressway.

PETALING JAYA: The West Coast Expressway is not expected to generate sufficient pre-financing cashflow to match its debt repayment obligations, according to RAM Ratings.

The rating agency said it might require the injection of monetary support from developer West Coast Expressway Sdn Bhd’s (WCE) shareholders in the early years of its proposed sukuk’s tenure.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

ISF Group IPO oversubscribed by over 31 times
Corporate bond market set to hit RM130bil-RM140bil
ICT Zone wins RM17.3mil tech contract
Swift Energy unit bags contracts worth RM18mil
PJBumi buys drilling rigs for RM162mil
MyTech takeover bid turns unconditional�
Positive response to IPO of One Gasmaster
Matrade: Malaysia’s trade breaks RM3 trillion mark despite challenging global conditions
Swift Energy Tech subsidiary bags contracts worth RM18mil
Reneuco redesignates Mustakim Mat Nun to group MD

Others Also Read