KUALA LUMPUR: IJM Cop Bhd's unit New Pantai Expressway Sdn Bhd (NPE) has received the go-ahead from the Prime Minister's Department for the proposed New Pantai elevated highway extension to Ampang-Kuala Lumpur.
IJM said on Friday, April 1 it had received the letter from the Public Private Partnership Unit approving in-principle the project.
'The project is to be privatised by way of a supplemental agreement to the concession agreement dated March 26, 1996, and is subject to further negotiation on the technical and financial terms and conditions of the project.'' The negotiation is expected to be concluded within six months from the date of the letter,' it said.
IJM said on Friday, April 1 it had received the letter from the Public Private Partnership Unit approving in-principle the project.
'The project is to be privatised by way of a supplemental agreement to the concession agreement dated March 26, 1996, and is subject to further negotiation on the technical and financial terms and conditions of the project.'' The negotiation is expected to be concluded within six months from the date of the letter,' it said.
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