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.
Country updates
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September 06, 2018
Governments of Malaysia and Singapore sign agreement to defer US$10 billion high speed rail PPP
The governments of Malaysia and Singapore have confirmed in a joint statement that construction of the Kuala Lumpur-Singapore High Speed Rail (HSR) project is suspended for a period up to 31 May...
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August 27, 2018
Singapore agrees to defer high-speed rail project to Kuala Lumpur
The governments of Singapore and Malaysia have reportedly agreed to defer the Kuala Lumpur-Singapore High-Speed Rail (HSR) project. The two governments signed a Memorandum of Understanding (MoU)...
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July 12, 2018
Malaysian government to study feasibility of port and maritime city PPP project
The Transport Minister of Malaysia has stated that the government is in the process of commissioning a feasibility study on the proposed MYR200 billion (US$49.2 billion) port and maritime ci...
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June 13, 2018
The Prime Minister has announced that the project has not been cancelled but postponed
The Prime Minister has announced that the project has not been cancelled but postponed. Currently, the project is too expensive to carry out, but Malaysia remains open to developing it in the future
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May 29, 2018
New Prime Minister of Malaysia to halt multi-billion Kuala Lumpur-Singapore HSR PPP
Malaysia’s Prime Minister Tun Dr Mahathir Mohamad has announced that his government will not continue the Kuala Lumpur-Singapore high speed railway (HSR) project, which involves the de...
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