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Apr 2, 2011

Europlus gets Letter for Highway Job


PETALING JAYA: Kumpulan Europlus Bhd subsidiary West Coast Expressway Sdn Bhd has received a letter yesterday from the Public Private Partnership Unit of the Prime Minister's Department, approving in principle the proposed construction of West-Coast Expressway (Taiping Banting).

It told Bursa Malaysia that the project was to be privatised on a build-operate-transfer basis, and is subject to further negotiation on the technical and financial terms and conditions.

"The negotiation is expected to be completed within six months from the date of the letter," it said.

Source: Starproperty