Bursa
Announcements

Ekovest wishes to announce that our subsidiary, Lebuhraya DUKE Fasa 2A Sdn Bhd (“LDF2A”), had on 17 January 2017 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 (“Proposed Project”). 

With a total length of approximately 75.2 kilometres, 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 estimated total project cost of RM6.32 billion (excluding Goods & Services Tax) for the Proposed Project is expected to be financed via a combination of internally generated funds, borrowings and/or other fund raising exercise. 

The Proposed Project is subject to further terms and conditions to be negotiated between the Government and LDF2A and 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.

Ekovest will make the appropriate announcement to Bursa Malaysia as and when there is a material development in relation to the Proposed Project. 

This announcement is dated 17 January 2017.