Kumpulan Europlus Bags RM3 Bln West Coast Expressway Project

KUALA LUMPUR, May 25 (Bernama) -- Kumpulan Europlus' subsidiary Konsortium LPB Sdn Bhd (KLPB) signed a concession agreement today with the government to build the RM3.015 billion 215.8 km toll West Coast Expressway.The build-operate-transfer deal has a concession period of 33 years, the company told Bursa Malaysia.The expressway will be between the North South Expressway at Taiping in the north and Banting in the south, leading to the Kuala Lumpur International Airport.KLPB shareholders are Kumpulan Europlus Bhd (60 percent), Kumpulan Darul Ehsan Bhd (20 percent) and Perak Corp Bhd (20 percent).The expressway will have 14 toll plazas and 16 interchanges. Six toll plazas and seven interchanges will be in Perak and the rest in Selangor, said the statement.There will be 10 rest and service areas and two lay-bys, it added.Kumpulan Europlus said the Perak section will be a closed toll system while in Selangor, besides the closed toll system, there will also be a 3.5 km open toll system in the Klang area.The Selangor section is to be completed in three years and the Perak side in four years after the financial arrangements of the project are finalised.