Lebuhraya DUKE Fasa 2A (LDF2A), a subsidiary of Malaysian construction firm Ekovest, has received approval in principle from the government for the privatisation of the MYR6.32bn ($1.4bn) Kampung Baru Link, Istana Link and Kapar Link expressway.
The 75.2km highway will offer connectivity and direct linkage for movement in and around Kuala Lumpur City Center, and will complete the missing link for travelling in and out of Greater Kuala Lumpur and Klang Valley.
The project will be funded by 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,” said Ekovest in a stock exchange filing.
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