Wednesday, July 7, 2010

PLUS gets nod to widen parts of expressways for RM1.43b

KUALA LUMPUR: PLUS EXPRESSWAYS BHD []'s unit Projek Lebuhraya Utara-Selatan Bhd has been given the nod by the government to undertake the CONSTRUCTION [] of the fourth lane along certain stretches of expressways at an estimated cost of RM1.43 billion.

PLUS said on Tuesday, July 6 it had received notification from the Ministry of Works that the government had agreed to the construction of the fourth lane along the Shah Alam to Rawang, Shah Alam to Jalan Duta and a section from Nilai (North) to Seremban expressways.

PLUS said the details of the proposed funding and other arrangement for the fourth lane widening works were currently under review and discussion with the government, and was subject to the approval of the government, bondholders/lenders and its board of directors.


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