Prolintas clinches RM 11.5 billion highway deal, DASH and SUKE 
Nov 30 2013, 09:37 AM, updated 13y ago
Prolintas clinches RM11.5b deals
SHAREN KAURPublished: 2013/11/30
CONCESSION AGREEMENTS: Company inks pact for DASH, SUKE highway projects in Klang Valley.
PROJEK Lintasan Kota Sdn Bhd (Prolintas) has inked concession agreements (CAs) for two Klang Valley highway projects worth an estimated RM11.5 billion.
Agreements were inked last month for the Damansara-Shah Alam Elevated Expressway (DASH) and the Sungai Besi-Ulu Klang Elevated Expressway (SUKE), says Works Minister Datuk Fadillah Yusof.
Construction and land acquisition costs for DASH is estimated to be RM4.18 billion and RM880 million, respectively.
For SUKE, the construction cost and land acquisition cost is expected to be about RM4.3 billion and RM1.14 billion, respectively.
Prolintas, the country's second biggest highway concessionaire, is a unit of Permodalan Nasional Bhd, Malaysia's biggest fund manager.
It operates and manages the Ampang-Kuala Lumpur Elevated Highway, Guthrie Corridor Expressway and Kemuning-Shah Alam Highway.
DASH and SUKE were awarded to Prolintas under the build-operate-transfer concept.
Fadillah said although land acquisition for both projects is ongoing, Prolintas will have to meet the conditions precedent before it could commence construction.
The conditions include details such as the financial aspect and technical capability of the company, and all reports pertaining to public consultation.
"Prolintas has 12 months, from the date of signing the CAs, to comply with the conditions precedent. Go or no go for the projects will depend on whether Prolintas comply with the conditions precedent.
"There will be a special committee to analyse the details and reports. If they can fulfil all the terms and conditions, they can start early. Otherwise, it will be 12 months from now," Fadillah told Business Times.
Fadillah said Prolintas has given his ministry the initial documents for both projects, which include questionnaires to have a public consultation.
"DASH and SUKE will help ease traffic congestion in certain places. However, I do not want to guarantee that it will be a total solution as there will still be bottlenecks along certain stretches.
"The first told plaza, especially, will have a bottleneck. The second bottleneck will be entry into the city and out during peak hours. We are looking at improvements.
A total solution would mean integrating all new highways with public transportation, including the LRT and MRT," he said.
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