EKVE will boost AZRB's order book, but analysts say RM1.55bil contract not very lucrative

PETALING JAYA: While the long-awaited East Klang Valley Expressway (EKVE) contract is expected to boost Ahmad Zaki Resources Bhd's (AZRB) construction order book by more than 50% to nearly RM4bil, analysts say the RM1.55bil award may not prove so lucrative in the near term.

AZRB said on Wednesday it had inked the concession agreement with the Government for the design, construction, completion, operation, management, and maintenance of the 35.5km EKVE, the eastern and final uncompleted route of the Kuala Lumpur Outer Ring Road which would link the Kajang Silk Expressway and the Karak Expressway.