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PETALING JAYA: Kumpulan Europlus Bhd’s (KEuro) 64.2%-owned subsidiary West Coast Expressway Sdn Bhd (WCE) has obtained the Government’s nod to build a 316km highway between Banting, Selangor and Taiping, Perak at an estimated cost of RM7.07bil.
PETALING JAYA: Both IJM Corp Bhd and Ahmad Zaki Resources Bhd (AZRB) have said they are awaiting a formal letter of award (LoA) from MRT Corp for two elevated packages of the My Rapid Transit (MRT) Sungai Buloh-Kajang line.
THE road to realising the West Coast Expressway (WCE) - which Kumpulan Europlus Bhd (KEuro) through its subsidiary has the mandate to build - has proved to be a tough journey.
PETALING JAYA: Construction conglomerate IJM Corp Bhd is unlikely to increase its stake in Kumpulan Europlus Bhd (KEuro) despite the potentially huge contracts spin-off from the RM7.07bil West Coast Expressway (WCE) project that the latter has recently secured.
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.