News about expressway

The segment's operating profit grew to RM45.

After the one-month period, cars will be charged the highway’s toll rate of RM3.

IJM Construction has allegedly refused, failed and/or neglected to pay the outstanding sum despite Citaglobal Land completing its contractual obligations, said Citaglobal.

The lower contribution from the engineering, construction and environment division was partially offset by the property development and investment division, which recorded an operating profit of RM33.

Part of the WCE (233km) is implemented privately by West Coast Expressway Sdn Bhd, while 83km of the alignment work is financed by  government funds.

The development rights were awarded on May 27 last year by the Malaysian Highway Authority, said GFM in a filing with Bursa Malaysia on Wednesday (March 15).

It said the funding issue has been resolved, and construction work was to have resumed in mid-February.

Meanwhile IJM Properties, which currently own 60% in RPSB, will wholly-own the company as IJM seeks to commensurate Bandar Rimbayu, first launched in 2013, as a flagship township development.

"As we move forward, our capabilities to cater for higher production volume certainly bodes well with the optimistic backdrop of the expected rising steel consumption driven by the recovery in manufacturing and construction industries.

Built at a cost of RM5.