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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.
KUALA LUMPUR: RAM Ratings has reaffirmed the RM1bil debt notes issued by West Coast Expressway Sdn Bhd (WCE) due to facilities extended by Bank Pembangunan Malaysia Bhd and Danajamin Nasional Bhd.
THINGS are looking up for Teluk Intan folk. The good news is that the RM5bil West Coast Expressway (WCE) that is due for completion in 2018 is set to bring in RM100bil in wealth creation in the next 10 years.
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.