PETALING JAYA: IJM Corp Bhd
's decision to buy into the concessionaire of the West Coast Expressway (WCE) is welcomed by the market as a strong indicator that the controversial project is on track for implementation.
Although not a surprising development, IJM's announcement on Tuesday that it would acquire a 20% stake in West Coast Expressway Sdn Bhd (WCE) lends credence to analysts' belief that the company would likely be the main beneficiary of the potentially huge contract spin-offs from the RM7.07bil WCE project.
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