Earlier today, works minister Datuk Seri Alexander Nanta Linggi said via a Facebook post that a supplemental concession agreement (SCA) has been signed between the federal government, via the works ministry (KKR), and IJM Corp, via its wholly-owned subsidiary Latest Pantai Expressway (NPE), to formalise the approval for the development of the Latest Pantai Expressway extension (NPE2).
As a part of the SCA, Nanta said the federal government has approved the extension of the present NPE concession timeframe by 27 years, from its original 2030 period to 2057. It has also agreed to IJM’s proposal to the restructuring of toll rates on the NPE, this being achieved by maintaining the current toll rate (RM2.30 for Class 1 vehicles) until the top of the concession period in 2057.
Nanta said the move is anticipated to generate savings of about RM185 million in compensation payments for the federal government through the original concession period (2024-2030).
The NPE2 is a 15 km-long, fully elevated route from the Pantai Dalam toll plaza to the Jalan Istana interchange via Jalan Syed Putra, and can connect with the NPE, Sungai Besi Expressway (Besraya) and the upcoming Laluan Istana-Kiara Expressway (LIKE) when it’s accomplished.
Based on IJM, construction of the highway extension is anticipated to start within the fourth quarter of this 12 months and can take 4 years to finish. It added that the development cost of RM1.418 billion will probably be fully borne by it.
The project may be very much a component of the Kuala Lumpur Traffic Master Plan 2040, which prioritises highway-to-highway connections that keep through-traffic out of the town’s core. With 4 ramps and two latest elevated interchanges, the NPE2 is anticipated to dissipate traffic in KL, especially along Jalan Syed Putra, Jalan Bangsar and Jalan Istana, saving motorists as much as 25 minutes in travel time.
As previously reported, there will probably be one latest toll plaza, which is the Syed Putra toll plaza. The NPE2 may also include support for the multi-lane fast flow (MLFF) tolling system, a Smart Highway monitoring system, smart street lighting and a brand new lay-by with EV chargers.
Seeking to sell your automobile? Sell it with Carro.
This Article First Appeared At paultan.org
