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Ekovest wishes to announce that our subsidiary, Lebuhraya DUKE Fasa 2A Sdn Bhd (“LDF2A”), had on 5 May 2025 received a letter from the Government on the approval of the proposed privatisation of the Laluan Istana – Kiara Expressway (LIKE) (formerly known as Istana Link) and Kampung Baru Link Expressway (KBL) (“Proposed Project”).
The proposed privatisation of the Laluan Istana – Kiara Expressway (LIKE) and Kampung Baru Link Expressway (KBL) shall be implemented by phases, whereby Project LIKE will be implemented in Phase 1 while Project KBL will be implemented in Phase 2.
Phase 1 Project LIKE – The Government and LDF2A shall proceed with signing of the concession agreement after it has been checked and cleared by the Jabatan Peguam Negara; and
Phase 2 Project KBL – Unit Kerjasama Awam Swasta (UKAS) shall finalise the salient terms of the concession with the relevant ministries/agencies and LDF2A within a time frame of up to 31 December 2026.
The Company will make the appropriate announcement to Bursa Malaysia as and when there is a material development in relation to the Proposed Project.