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Wednesday, September 19, 2007

Plus Expressways secures project in Indonesia

KUALA LUMPUR, Sept 19 (Bernama) -- Plus Expressways Bhd today announced that the unincorporated consortium consisting of the company and its Indonesian partners has won the tender bid for a toll road construction in Indonesia.The company and its partners, PT Bakrie & Brothers Tbk and PT Capitalinc Investment Tbk, will construct the 25.4km Package 4, Cimanggis-Cibitung Toll Road on a build, operate and transfer (BOT) basis.In a filing to Bursa Malaysia today, the company said it received a letter from the Minister of Public Works, Republic of Indonesia yesterday informing it of its winning bid.The toll road will form part of the proposed Jakarta Outer Ring Road 2 and is located on the outskirts of the Jakarta metropolitan area.The concession shall be for a period of thirty-five years from the date of the proposed execution of the concession agreement.
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