KUALA LUMPUR: Completing the long-delayed Maju Expressway extension (MEX II) could cost as much as RM449mil, says Works Minister Datuk Seri Alexander Nanta Linggi.
The estimate comes from the receivers and managers (R&M) appointed to oversee MEX II Sdn Bhd, the project concessionaire, in November 2024.
The company has been under receivership since May 2022 after defaulting on sukuk payments.
Alexander cited that the final cost could rise due to current price levels, repair works, and other expenses stemming from the extended project delay.
He was responding to Puchong MP Yeo Bee Yin, who sought updates on the remaining construction costs, the expected completion timeline, and potential toll rates.
"The R&M team is preparing a comprehensive proposal covering cash flow projections, financing costs, traffic impact analysis, concession period, and toll structures to ensure the project remains financially viable," Alexander said in the written reply on Wednesday (Dec 3).
At present, both the completion date and toll rates for MEX II have yet to be finalised.
The extension, planned as a 16.8km three-lane dual carriageway, will link the MEX Putrajaya Interchange to the KLIA highway.
