The DUKE
Highway is a 34-km artery comprising two phases (DUKE1 and DUKE2), with a
concession period of 54 years.
Multi Management and Future Solutions Malaysia: Ekovest Bhd's auxiliary, Nuzen Corporation Sdn Bhd, sold a 40 for every penny stake in Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd (Kesturi) to the Employees Provident Fund (EPF) for RM1.13 billion today.
Konsortium Lebuhraya Utara-Timur is the concession holder of the Duta-Ulu Kelang Expressway (DUKE) roadway.
The DUKE parkway is a 34-km vein involving two stages (DUKE1 and DUKE2), with a concession time of 54 years.
The primary period of DUKE is now in operation, while Phase 2, which is under development, is planned for fulfillment and toll gathering beginning by 1H2017.
In the money bargain, the EPF will pay RM921 million in real money to Ekovest, with an extra RM209 million to be paid after the issuance of a declaration of commonsense consummation for DUKE Phase 2.
Ekovest is a venture holding organization required in development, property advancement and framework concession organizations.
Ekovest official administrator Tan Sri Lim Kang Hoo said that the transfer was in accordance with the organization's technique to monetise its develop framework resources.
He said this is to free up the organization's budgetary assets for the development of its framework division and other center organizations.
Our Recommendations :
Multi Management and Future Solutions Malaysia: Ekovest Bhd's auxiliary, Nuzen Corporation Sdn Bhd, sold a 40 for every penny stake in Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd (Kesturi) to the Employees Provident Fund (EPF) for RM1.13 billion today.
Konsortium Lebuhraya Utara-Timur is the concession holder of the Duta-Ulu Kelang Expressway (DUKE) roadway.
The DUKE parkway is a 34-km vein involving two stages (DUKE1 and DUKE2), with a concession time of 54 years.
The primary period of DUKE is now in operation, while Phase 2, which is under development, is planned for fulfillment and toll gathering beginning by 1H2017.
In the money bargain, the EPF will pay RM921 million in real money to Ekovest, with an extra RM209 million to be paid after the issuance of a declaration of commonsense consummation for DUKE Phase 2.
Ekovest is a venture holding organization required in development, property advancement and framework concession organizations.
Ekovest official administrator Tan Sri Lim Kang Hoo said that the transfer was in accordance with the organization's technique to monetise its develop framework resources.
He said this is to free up the organization's budgetary assets for the development of its framework division and other center organizations.
Our Recommendations :
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