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PJD LINK SECURES RM922MIL FUNDING, INKS AGREEMENT TO APPOINT CONTRACTOR

--------------------------------------------------------------------------------


 * Corporate News

 * Tuesday, 06 Jun 2023
   
   4:30 PM MYT
   


   RELATED NEWS
   
   --------------------------------------------------------------------------------
   
   Corporate News 07 Jun 2023
   
   
   PJD LINK SECURES RM922MIL FOR EXPRESSWAY
   
   AseanPlus News 12h ago
   
   
   BURSA MALAYSIA LIKELY TO IMPROVE ON BARGAIN-HUNTING FROM MONDAY...
   
   Travel 04 Jul 2023
   
   
   THE AMAZING HIDDEN WILDLIFE OF KUALA LUMPUR AND WHERE TO FIND IT

   

PJD Link chief executive officer Amrish Hari Narayanan

KUALA LUMPUR: PJD Link (M) Sdn Bhd (PJD Link) has secured RM922 million in
funding as part of its project financing required for the Petaling Jaya
Dispersal Link (PJD Link Expressway).

In a statement today, PJD Link chief executive officer Amrish Hari Narayanan
said it is now able to move forward with the remaining phases of its project
finance, which include raising the remaining portion of the project costs via
the sukuk market.



"The capacity to finance the project is one of the conditions precedent under
the concession agreement, in addition to obtaining approvals for the social,
environmental and traffic impact reports," he said.

PJD Link is the concessionaire of the proposed PJD Link Expressway, a 25.4-km,
two-lane dual carriageway (four lanes) expressway that commences after the NKVE
toll plaza on SPRINT Highway, Damansara. It ends at the Bukit Jalil highway
interchange.


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The project is aimed at improving traffic congestion and caters to future
vehicle growth in the greater Kuala Lumpur and Klang Valley area. PJD Link
signed a concession agreement with the Malaysian government on April 5, 2022.

In the same statement, PJD Link also said that it has signed a heads of
agreement with MCC Overseas (M) Sdn Bhd (MCC Malaysia) to appoint MCC Malaysia
as PJD Link Expressway’s engineering, procurement and construction contractor.

The signing ceremony was witnessed by MCC International Incorporation Ltd
president Yang Roubing, the Macao SAR Government, China International
Contractors Association members and Scomi Energy Services Bhd chief executive
officer Amirul Baharom at the 14th International Infrastructure Investment and
Construction Forum in Macao on June 1, 2023.

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HLB LAUNCHES FIRST BANK-BACKED EARNED WAGE ACCESS SOLUTION

MCC Malaysia is a subsidiary of China Metallurgical Group Corporation, a
construction engineering conglomerate listed on the Shanghai and Hong Kong Stock
exchanges. - Bernama





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Tags / Keywords: PJD Link , MCC Malaysia , PJD Link Expressway , Amrish Hari
Narayanan

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RELATED NEWS

--------------------------------------------------------------------------------

Corporate News 07 Jun 2023


PJD LINK SECURES RM922MIL FOR EXPRESSWAY

AseanPlus News 12h ago


BURSA MALAYSIA LIKELY TO IMPROVE ON BARGAIN-HUNTING FROM MONDAY...

Travel 04 Jul 2023


THE AMAZING HIDDEN WILDLIFE OF KUALA LUMPUR AND WHERE TO...


RELATED NEWS

--------------------------------------------------------------------------------

Corporate News 07 Jun 2023


PJD LINK SECURES RM922MIL FOR EXPRESSWAY

AseanPlus News 12h ago


BURSA MALAYSIA LIKELY TO IMPROVE ON BARGAIN-HUNTING FROM MONDAY...

Travel 04 Jul 2023


THE AMAZING HIDDEN WILDLIFE OF KUALA LUMPUR AND WHERE TO...




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MARKET SUMMARY

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Quotes are delayed by at least 15 mins
Updated: 07 Jul 2023|6:50 PM


FBM KLCI

1377.67

-8.28

-0.6%

Vol ('00)


19,745,644

FBMKLCI



Day's Range

Low

1377.67

High

1385.74
52 Weeks Range

Low

1369.41

High

1528
Gainers304
Losers435
Unchanged455
Untraded1066
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MARKET MOVERS

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--------------------------------------------------------------------------------

 * Active
 * Gainers
 * % Gainers
 * Losers
 * % Losers

 * SymbolOpenHighLowLastChg%ChgVol ('00)WIDAD 0.420 0.420 0.410 0.415
   -0.005-1.19310,216 WCEHB 0.645 0.690 0.640 0.675 0.0355.47227,548 WONG-WA
   0.120 0.125 0.100 0.105 -0.015-12.50210,206 YTL 1.060 1.060 1.030 1.060
   0.0000.00128,245 WONG 0.390 0.415 0.380 0.395 0.0205.33122,361 YEWLEE 0.345
   0.350 0.340 0.340 -0.005-1.4579,182 YTLPOWR 1.260 1.270 1.250 1.260
   -0.010-0.7970,198 WCEHB-WF 0.335 0.375 0.335 0.365 0.0308.9654,752 XL 0.780
   0.780 0.780 0.780 0.0000.0054,670 WELLS 0.795 0.810 0.795 0.800
   0.0101.2741,230 YONGTAI 0.430 0.430 0.420 0.420 -0.005-1.1836,358 XOXNET-WB
   0.005 0.010 0.005 0.005 0.0000.0034,101 WEGMANS-WC 0.025 0.030 0.025 0.030
   0.00520.0032,258 YINSON 2.570 2.570 2.520 2.540 -0.040-1.5529,655 WIDAD-WA
   0.045 0.045 0.040 0.040 -0.005-11.1128,857





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