Ekovest Bhd will build the Setiawangsa-Pantai Expressway at a cost of RM3.738bil and the concession period with the government will be 53 years and six months.
The infrastructure company said on Monday its unit had signed a concession agreement with the Federal Government to build, operate and maintain the expressway, formerly known as the DUKE Phase-3.
“The concession agreement is expected to contribute positively to Ekovest group’s earnings and the net tangible assets for future financial years.
“The construction cost is expected to be financed via a combination of internally generated funds, borrowings and/or other fund raising exercise,” it said.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
The infrastructure company said on Monday its unit had signed a concession agreement with the Federal Government to build, operate and maintain the expressway, formerly known as the DUKE Phase-3.
“The concession agreement is expected to contribute positively to Ekovest group’s earnings and the net tangible assets for future financial years.
“The construction cost is expected to be financed via a combination of internally generated funds, borrowings and/or other fund raising exercise,” it said.
No comments:
Post a Comment