KUALA LUMPUR: Ekovest Bhd's subsidiary will undertake the construction of 72.5km of roads in Kuala Lumpur which will link with the various expressways.

It said on Tuesday Lebuhraya DUKE Fasa 2A had received a letter from the government on the principle approval of the proposed privatisation of the Kampung Baru Link, Istana Link and Kapar Link Expressway.

“With a total length of approximately 75.2km, the proposed project is expected to provide vital connectivity and direct linkage for movement in and around Kuala Lumpur City Center and completes the missing link for seamless travelling in and out of Greater Kuala Lumpur and Klang Valley,” the infrastructure company said.

Ekovest said the estimated total project cost of RM6.32bil (excluding Goods & Services Tax) for the proposed project was expected to be financed via a combination of internally generated funds, borrowings and/or other fund raising exercise.
 

It said the proposed project was subject to further terms and conditions to be negotiated between the Government and LDF2A.

“The principle approval by the government shall not in any way be considered as binding upon the government until the execution of the relevant agreement between the government and LDF2A,” it said.

Sources：
http://www.thestar.com.my/business/business-news/2017/01/17/ekovest-to-construct-rm6pt32b-kl-road-links/

Company's Announcement at Bursa：
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5315861