Prolintas said the four highways with the new toll rates are the Ampang-Kuala Lumpur Elevated Highway (AKLEH), the Guthrie Corridor Expressway (GCE), the Kemuning-Shah Alam Highway (LKSA), and the Kajang Dispersal Link Expressway (SILK).
It is the longest of the 12 ECRL tunnels to have made breakthrough.
Sunsuria said proceeds from the issuance will be used to finance its capital expenditure, working capital requirements and/or investments, as well as for the company and its subsidiaries’ general shariah-compliant corporate purposes.
It said this will be driven by stronger new product offerings as most of them are ramping up launches in the second half of 2022 (1H2022) compared with the first half.
The Government has agreed with the proposal to restructure four highway toll concession companies under Projek Lintasan Kota Holdings Sdn Bhd (Prolintas) to reduce the toll rates of the highways involved, said caretaker Prime Minister Datuk Seri Ismail Sabri Yaakob.
RHB Investment Bank Bhd (RHB IB) expects the job flow in the construction sector to be more tepid this year compared to 2021.
The Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah Ibni Almarhum Sultan Ahmad Shah Al-Musta’in Billah has officiated the opening ceremony of the Malaysian-owned Battersea Power Station in Central London, ahead of its public launch this Friday.
Malaysian developers remain mostly neutral about the property industry’s outlook and the economic environment in the second half of 2022 (2H2022) and 1H2023, the Real Estate and Housing Developers’ Association Malaysia (Rehda) said.
The SMART Control Centre, in a post on Facebook, said the tunnel was reopened to traffic at 9.30am.