Malaysian Resources Corp Bhd (MRCB) has terminated its concession for the Eastern Dispersal Link Expressway (EDL) in Johor Bahru, receiving a settlement sum of MYR1.325 billion (US$319.3 million) from the Malaysian government.

MRCB announced that this payment marks the end of a non-core asset rationalisation programme that forms part of the company's corporate transformation, and considerably strengthens the company’s balance sheet.

MRCB was awarded the contract to design, construct, operate and maintain the 8.1km expressway in June 2007. The EDL opened in April 2012 and has since been used by an average of 160,000 motorists per day. It is the first fully private sector funded expressway in Malaysia.