PJD Link (M) Sdn Bhd, the concessionaire of the proposed Petaling Jaya Dispersal Link (“PJD Link Expressway”) has recently secured funding amounting to RM922.0 million as part of its project financing required for the PJD Link Expressway.
The company signed a Heads of Agreement with MCC Overseas (M) Sdn Bhd a subsidiary of China Metallurgical Group Corporation in Macao. MCC Group is a large construction engineering conglomerate listed in Shanghai and Hong Kong Stock exchanges.
Mr. Amrish Hari Narayanan, Chief Executive Officer of PJD Link said, “We are now able to move forward with the remaining phases of our project finance, which include raising the remaining portion of the project costs via the sukuk market. The capacity to finance the project is one of the Conditions Precedent under the Concession Agreement, in addition to obtaining approvals for the Social, Environmental and Traffic Impact reports.”
Under the HoA, MCC Malaysia will be appointed as the Engineering, Procurement, and Construction contractor of the PJD Link Expressway.
PJD Link Expressway is a 25.4 km, 2 lane dual carriageway (4 lanes) expressway that will commence after the NKVE Toll Plaza on SPRINT Highway, Damansara and end at Bukit Jalil Highway Interchange. This key infrastructure project is aimed at improving traffic congestion and cater to future vehicle growth in the Greater Kuala Lumpur and Klang Valley area.
Upon completion, it will play a significant role in dispersing traffic congestion as it provides major connections with 6 major highways which include New Klang Valley Expressway (NKVE), SPRINT highway, Federal Highway, New Pantai Expressway, Shah Alam Expressway (KESAS) and Bukit Jalil Highway.
PJD Link signed a concession agreement with the Government of Malaysia on 5th April 2022.
