IJM Corporation Berhad

Malaysia

Following its merger with Road Builder (M) Holdings Berhad in early 2007, IJM fully owns and operates two urban toll concessions in Malaysia, namely the Sungai Besi Highway and New Pantai Highway. In addition, IJM wholly owns Kuantan Port and 39% of Kemaman Port, both located on the East Coast of Peninsular Malaysia.

• Highway Toll Concessions

The 6-lane Sungai Besi Highway commenced tolling in 1999 and has since been a vital artery that runs southbound from the Jalan Istana Interchange in Kuala Lumpur to Universiti Putra Malaysia, Putrajaya and Seremban. The toll way provides convenient accessibility for road users to reach landmark destinations such as the Selangor Turf Club, The Palace of Golden Horses, Mines Wonderland, Mines Shopping Center and South City Plaza. The toll way also offers users a host of facilities from automated toll collection lanes to petrol kiosks, food stalls and more and is furthermore ISO 9002 certified.

The New Pantai Expressway, opened in early 2004, is a 19.6 km dual 3-lane carriageway and incorporates an Intelligent Transportation System that relies on fiber optic communication to convey variable messages to drivers ahead of time. The highway, which was initially intended to alleviate traffic congestion along the Federal Highway Route II, is increasingly becoming a popular alternative for motorists from the densely populated areas of Subang Jaya, Old Klang Road, Pantai and Bangsar enjoy a smoother drive into Kuala Lumpur City Centre.

• Port Operations

In line with government's plan to turn the East Coast of Peninsula Malaysia into a regional petrochemical hub, Kuantan Port and Kemaman Port both play prominent roles as leading maritime trade and logistic centres in the region.

Strategically located in the state of Pahang on the eastern seaboard of Peninsular Malaysia, Kuantan Port is developing into a major international port in tandem with the rapid expansion of the industrial and manufacturing activities of the East Coast Corridor. Supported by excellent port facilities and services, a vast market outreach and a strong network of global shipping connections have strengthened the position of Kuantan Port as a petrochemical hub port and a major container terminal of the East Coast region.

Kuantan Port Consortium Sdn Bhd also operates Kemaman Port's 510 metre long West Wharf. Besides the West Wharf, we have taken 39% interest in the privatization of Kemaman Port to manage and operate the East Wharf and Liquid Chemical Berth under Konsortium Pelabuhan Kemaman Sdn Bhd.

In addition to the Kemaman Port operations, we have also taken interest in the development of the adjacent Teluk Kalung Industrial Area in Kemaman. The area provides excellent logistics and is a cost effective solution for heavy, chemical and petrochemical industries.

Overseas

IJM has also made its mark in several major international joint venture projects involving infrastructure investments in Latin America, India, Vietnam and China.

In 1996, the Group entered into an agreement with companies from Argentina, Brazil and Mexico to participate in the Western Access Tollway Project in Buenos Aires, Argentina. The resulting joint-venture company was granted a "Build, Operate and Transfer" concession for the impressive 55km expressway from Buenos Aires to Lujan. The joint-venture company, Grupo Concesionario del Oeste S.A is now listed on the Buenos Aires Stock Exchange.

In India, the Group has made significant inroads into the construction of major highways and is today one of the leading foreign road contractors there. IJM has to date, secured 5 toll concessions on a built-operate-transfer (“BOT”) basis – Swarna Tollway in Andra Pradesh, Rewa Tollway in Madya Pradesh, Jaipur-Mahua Tollway in Rajasthan and Trichy Tollway in Tamil Nadu, of which the latter 2 are presently under construction.

In Vietnam, the Group has a major stake in the first ever built-operate-transfer (“BOT”) Binh An Water Supply scheme. The scheme now supplies over 100,000 cubic meters of potable water daily to Ho Chi Minh City.

The Group’s concessions in China, acquired in the mid-90’s, have been profitably disposed of in recent years. These include:

a significant stake in the Guangdong Provincial Expressway Development Co Ltd, which operates two expressway that form a national trunk road plus a major bridge across the Jiujiang River.
a joint-venture company operating the concession rights for toll collection, management, operation and maintenance of the Yangzhong Changjiang Bridge for 25 years, and
a joint-venture company which successfully completed the construction and operation of the Wuxi Nenda Co-Generation Plant, Xishan City, Jiangsu Province.