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- Together, the three links span about 75.2 kilometres and will connect to the main DUKE sprawling the Klang Valley.
KUALA LUMPUR (May 6): Ekovest Bhd (KL:EKOVEST) said on Monday the government has approved the construction of two links under Phase 2A of the Duta-Ulu Kelang Expressway, also known as the DUKE project.
Laluan Istana Kiara will proceed first with the signing of the concession agreement after it has been cleared by the Attorney General’s Chambers, Ekovest said in an exchange filing. The concession agreement for the Kampung Baru Link, meanwhile, is being finalised with a deadline by Dec 31, 2026.
The greenlight follows the January 2017 approval-in-principle granted for the privatisation of the two links, as well as the Kapar Link. The company, however, did not provide an update on the Kapar Link in Monday's filing.
Together, the three links span about 75.2 kilometres and will connect to the main DUKE sprawling the Klang Valley.
The total project cost was then estimated at RM6.32 billion, which would be financed via a combination of internally generated cash, borrowings, or a mix of funds to be raised.
Since its opening in October 2017, DUKE 2 has experienced an increase in average annual daily traffic reaching 89,103 vehicles in the first half of FY2024 — 6.2% higher than FY2023 and 47% above FY2019 levels.
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