Stock investment tips : Even as it is being constructed today

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Even as it is being developed today, the greatly talked West Coast Expressway (WCE) as of now has a long history behind it.

In the previous 20 or so years, the WCE extend had experienced different stages – being retired and later being resuscitated again – however with quieted advancements pushing ahead.

Its arrangement, which is the second longest in Peninsular Malaysia, was mooted then in 1995 by Tan Sri Chan Ah Chye who built up Konsortium LPB Sdn Bhd (KLPB).

KLPB, which is today known as West Coast Expressway Sdn Bhd was the promoter of this parkway extend.

The WCE was granted to KLPB first in 1996 however later must be retired because of the Asian Financial Crisis in 1997.

Following various years with no improvements on this front, the venture was restored again after a declaration in Oct 2002.

It was visualized to be finished in 2005 then by KLPB yet the whole venture had kept running into significantly encourage delays because of subsidizing issues and potential shareholder changes.

KLPB’s Chan and IJM Corp Bhd generously controlled Kumpulan Europlus Bhd (KEuro) which is today known as WCE Holdings Bhd and KEuro has a 60% stake in KLPB.

The staying 40% in KLPB was initially held similarly by the state legislatures of Selangor and Perak however both governments had sold their interests in the organization.

After further talks and wrapping things up, the arrangement for the interstate was at last finished and fixed at end-2011 with government giving its official alright in the start of 2012.

The development works for the interstate at last started in 2014 at a settled cost of RM5.04bil with land securing costs at RM980mil.

The concession time frame, which was at first at 38 years when it was initially mooted, is currently at 50 years with an alternative to stretch out by an additional 10 years. 

 

MY -QT VASCULAR-BUY 0.097 CAN GO UP TO 0.101
KL- KANGER 0.294 TO 0.320

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