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Old January 1st, 2013, 06:15 PM   #1261
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Old January 1st, 2013, 06:37 PM   #1262
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Quote:
Originally Posted by ChrisZwolle View Post
A couple of questions regarding the Malaysian Expressway Network.

* E8 East Coast Expressway: when will the missing link Kuantan - Bukit Besi open? 2012 is quoted.
* E9 Shamelin Expressway: when will it open? Sources say 2012
* E26 South Klang Valley Expressway: when will the final phase open?
Here are the answers:-
  1. East Coast Expressway E8 is delayed several times, and now it is expected to be opened on 2014. The reason for those delays is due to two of the sub-contractors had withdrawn from the project, citing the high costs of construction materials. As a result, the tender for the delayed section had to be reopened again for the replacement contractors.
  2. The construction of Shamelin Expressway E9 is still going well. However, it is slightly delayed due to some complications regarding land takeovers.
  3. The final phase of SKVE E26 will be opened this year.
Hope that my answers may help.
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Old January 1st, 2013, 06:46 PM   #1263
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Old January 7th, 2013, 01:36 AM   #1264
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Old January 8th, 2013, 12:55 PM   #1265
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Old January 9th, 2013, 05:46 AM   #1266
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Old January 11th, 2013, 09:20 PM   #1267
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Old January 11th, 2013, 09:22 PM   #1268
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On Penang bridge
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Old January 13th, 2013, 02:08 PM   #1269
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Old January 14th, 2013, 12:25 PM   #1270
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@ Johor
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Old January 15th, 2013, 05:01 AM   #1271
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Malaysia looks like it has the most developed, extensive highway system in SE Asia.
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Old January 20th, 2013, 03:18 AM   #1272
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Old January 24th, 2013, 05:22 PM   #1273
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E26 - South Klang Valley Expressway (SKVE) - Phase 2























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Old January 25th, 2013, 01:09 AM   #1274
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Old January 25th, 2013, 07:58 AM   #1275
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Nice V-logs and beautiful highways
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Old January 26th, 2013, 06:31 AM   #1276
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To Kenyir Lake, Terengganu
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Old February 8th, 2013, 01:23 AM   #1277
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Old February 14th, 2013, 12:55 AM   #1278
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LATEST PROJECTS:

Quote:
West Coast Expressway to cost RM6b, says KEuro
By GOH THEAN EU Published: 2013/01/11
http://www.btimes.com.my/Current_New...#ixzz2HckDk6zd



LESS THAN INITIALLY FORECAST: The build-operate-transfer project has a 50-year concession and will be completed in five years

KUMPULAN Europlus Bhd (KEuro) has officially released details of its West Coast Expressway concession, saying that the project will cost around RM6 billion.

This is about RM1 billion less than the RM7.07 billion initially projected.

KEuro, through its subsidiary West Coast Expressway Sdn Bhd (WCE), signed the concession agreement with the government last week, exactly a year after obtaining a letter of approval from the Economic Planning Unit of the Prime Minister's Department.

KEuro yesterday said the project, based on a build-operate-transfer basis with a 50-year concession, is expected to be fully completed in five years.

It involves the development of a highway from Banting to Taiping with 233km of tolled highway, including 40km of highway to be constructed later.

"The concession period will be extended for another 10 years if the agreed targeted IRR (internal rate of return) is not achieved (calculation of actual IRR will be in year 49)," the company said in a filing to Bursa Malaysia.

In order to make the project viable, the government has agreed to provide a support loan to KEuro at an interest rate of four per cent a year.

During the loan's tenure, 70 per cent of the excess toll revenue will be used to repay the loan.

After the loan has been settled, excess toll revenue will be shared on the basis of 30:70 between the government and WCE, which is 80 per cent-owned by KEuro.

The land acquisition cost for the project, tipped to be up to RM980 million, will be borne by the government.

The company added that penalties will also be imposed if WCE fails to fulfil its maintenance obligation.

"If the road service volume is below the acceptable level, WCE is required to carry out upgrading works at its own cost and expenses to ease traffic congestion," it said.

KEuro shares on Bursa Malaysia fell by one sen to RM1.03 yesterday, with 964,000 shares changing hands.

The stock has declined by 13 sen from RM1.16 since it signed the concession agreement with the government.
Quote:
RM1.55b project for AZRB
By Cheryl Yvonne AchuPublished: 2013/02/14
http://www.btimes.com.my/Current_New...#ixzz2Kp2Vl1gk

EARNINGS ENHANCEMENT: Company secures 50-year concession for EKVE from the govt

AHMAD Zaki Resources Bhd (AZRB) has landed a RM1.55 billion contract from the government for the East Klang Valley Expressway (EKVE).

AZRB said in a filing to Bursa Malaysia yesterday that the concession period will be for 50 years.

“The estimated total construction costs for the construction works will be RM1.55 billion.

“The government agreed to provide to the company a loan in the maximum principal amount of RM635 million at an interest rate of four per cent per year capitalised annually and subject to a separate agreement to be entered into between the government and the company,” it said.

It was reported that the 35.5km EKVE will link Kajang SILK Highway at the southern side to Karak Expressway and at the northern side of the expressway.

EKVE is the eastern and final uncompleted route of the Kuala Lumpur Outer Ring Road.


The expressway will provide a by-pass route and enable motorists from the southern part of the Klang Valley like from Cheras, Bangi and Subang to travel to Selayang and Gombak and vice-versa without having to go through the city centre.

It will also serve as a bypass route around Kuala Lumpur for inter-regional traffic from the Karak Highway.

It was reported that there will be six interchanges —– Sungai Long, Bukit Mah*kota Cheras, Hulu Langat, Ampang, Ukay Perdana and International Islamic University Malaysia).

In the statement yesterday, AZRB said under the concession agreement, the company, among others, will have the rights and authority to undertake the design and construction of the expressway, including the upgrading works and widening of the existing road.

The concession agreement is expected to contribute positively to AZRB Group’s earnings and the net tangible assets for future financial years, it said.

AZRB’s share price was up one sen yesterday, closing at 71.5 sen.

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Old February 16th, 2013, 04:03 PM   #1279
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New expressway in the pipeline - East Klang Valley Expressway (EKVE)

PETALING JAYA: While the long-awaited East Klang Valley Expressway (EKVE) contract is expected to boost Ahmad Zaki Resources Bhd's (AZRB) construction order book by more than 50% to nearly RM4bil, analysts say the RM1.55bil award may not prove so lucrative in the near term.

AZRB said on Wednesday it had inked the concession agreement with the Government for the design, construction, completion, operation, management, and maintenance of the 35.5km EKVE, the eastern and final uncompleted route of the Kuala Lumpur Outer Ring Road which would link the Kajang Silk Expressway and the Karak Expressway.

The concession, for which the letter of intent was reportedly issued in 2007, comes with a period of 50 years as well as a loan from the Government worth RM635mil attached to an interest rate of 4% a year.

The highway contract increases AZRB's order book to RM3.8bil from RM2.3bil as at end-September last year, but M&A Securities said in a note to clients that it was a near-term negative to the company's financials as the loan would add some RM25.4mil in interest expense to the RM9mil AZRB was already servicing each year.

AZRB's gearing level is also set to rise to 1.16 times from 0.25 times currently, the brokerage added.

“We believe the construction will take at least three years to complete, and toll revenue from this expressway is unlikely to boost the group's revenue at least until fiscal 2017,” it said.

Another analyst told StarBiz that the expressway was not a “game changer” for AZRB, which mostly undertakes Government-based infrastructure projects.

This, he said, was reflected in the movement of its shares, which yesterday added only five sen to 76.5 sen on volume of 3.44 million units.

“The fact that the Government had to extend a loan means AZRB's balance sheet alone can't handle it,” he said.

Nonetheless, the analyst believes that the firm has the ability to execute a project of this size based on its track record, which includes the Lebuhraya Pantai Timur in Terengganu.

RHB Research was more sanguine in its assessment, saying the contract offered AZRB “two bites on the same cherry” from construction profits over the medium term and recurring toll profits over the longer term.

“However, to be prudent, we will only include the project in our earnings forecasts and valuations as and when the last hurdle is crossed, i.e. achievement of financial close (that would take another six to nine months)," it noted.

The EKVE would provide a by-pass route and enable motorists from the southern part of the Klang Valley such as from Cheras, Bangi and Subang to travel to Selayang and Gombak and vice versa without having to go through the city centre.

It would serve as a bypass route around Kuala Lumpur for inter-regional traffic from the Karak Highway, according to past reports.

There would be six interchanges Sungai Long, Bukit Mahkota Cheras, Hulu Langat, Ampang, Ukay Perdana and IIUM (International Islamic University Malaysia).

Under the deal, AZRB's scope of works involves the design and construction of the expressway, the upgrading works and the widening of the existing road, and the supply and installation of tolling and other equipment (including telecommunications equipment) at the toll plaza, and managing, operating, and maintaining the same on the expressway during the concession period.

The concession also grants AZRB the right to demand, collect, and retain the toll for its own benefit from all vehicles liable to pay toll using the expressway during the operating period.

The company added that the concession allowed AZRB to operate, manage and maintain (including, without limitation, utility charges incurred thereby) the expressway, to design, construct, operate, manage, and maintain the administrative offices, and undertake all other activities incidental to the performance of the works referred to in the concession agreement.

http://biz.thestar.com.my/news/story...9&sec=business
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Old February 21st, 2013, 07:53 PM   #1280
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