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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
   
   Nation 23h ago
   
   
   SWATCH MALAYSIA SUES GOVT
   
   Markets 6h ago
   
   
   BURSA MALAYSIA ENDS LOWER FOR SECOND CONSECUTIVE DAY

   

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.




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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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

Nation 23h ago


SWATCH MALAYSIA SUES GOVT

Markets 6h ago


BURSA MALAYSIA ENDS LOWER FOR SECOND CONSECUTIVE DAY


RELATED NEWS

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

Corporate News 07 Jun 2023


PJD LINK SECURES RM922MIL FOR EXPRESSWAY

Nation 23h ago


SWATCH MALAYSIA SUES GOVT

Markets 6h ago


BURSA MALAYSIA ENDS LOWER FOR SECOND CONSECUTIVE DAY




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MARKET SUMMARY

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

Quotes are delayed by at least 15 mins
Updated: 18 Jul 2023|6:50 PM


FBM KLCI

1403.03

-3.07

-0.22%

Vol ('00)


34,032,674

FBMKLCI



Day's Range

Low

1399.47

High

1407.9
52 Weeks Range

Low

1369.41

High

1528
Gainers420
Losers475
Unchanged405
Untraded986
Go to Market Watch


MARKET MOVERS

View More

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

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

 * SymbolOpenHighLowLastChg%ChgVol ('00)UEMS 0.385 0.435 0.370 0.390
   0.0051.301,434,490 CLASSITA 0.230 0.275 0.205 0.230 0.0052.221,275,657
   CLASSITA-WC 0.045 0.055 0.040 0.045 0.0000.001,049,958 ASB 0.170 0.175 0.165
   0.170 0.0053.03814,821 BAHVEST-WA 0.030 0.050 0.025 0.045 0.01550.00736,675
   MRCB 0.345 0.365 0.340 0.350 0.0102.94651,680 WIDAD 0.415 0.425 0.415 0.420
   0.0000.00590,447 BAHVEST 0.260 0.300 0.260 0.295 0.03513.46551,508 HSI-HK9
   0.110 0.160 0.090 0.135 0.02017.39525,997 DOLPHIN 0.015 0.025 0.015 0.020
   0.00533.33517,309 HSI-COW 0.150 0.155 0.110 0.110 -0.040-26.67427,912 MUIIND
   0.060 0.065 0.055 0.065 0.0058.33400,151 SIMEPROP 0.530 0.595 0.525 0.575
   0.0458.49395,445 MBSB 0.775 0.800 0.770 0.785 0.0101.29390,771 DCHCARE 0.450
   0.460 0.440 0.455 0.0051.11390,661





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