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The Minister of
Works, on behalf of the Government of Malaysia, has today announced
the abolishment of toll at the Salak Toll Plaza (both directions) of
Lebuhraya Sungai Besi (Besraya Highway) with effect from 12.30 p.m
today. The concessionaire of this Tollway is Besraya (M) Sdn Bhd (“Besraya”),
a wholly-owned subsidiary of Road Builder (M) Holdings Bhd, which is
in turn is a wholly-owned subsidiary of the Company.
The Minister has
also announced the lengthening of the Tollway by a further 12km,
which link up the southeast and southwest of Kuala Lumpur city with
the Lebuhraya Sungai Besi, Jalan Istana, Middle Ring Road II (MRR2)
and the Pandan area, to ease the traffic congestion at the southern
area of Kuala Lumpur and the MRR1 and MRR2, which has now exceeded
their vehicular capacity. The additional work is estimated at RM649
million and will be implemented by Besraya in 36 months.
The abolishment
and additional work will not have any significant effect on the
earnings or net assets per share of the Group for the financial year
ending 31 March 2009. |
