Earlier At the moment, Works Minister Datuk Seri Alexander Nanta Linggi mentioned through a Fb publish {that a} supplemental concession settlement (SCA) has been signed between the federal government, through the works ministry (KKR), and IJM Corp, through its wholly-owned subsidiary New Pantai Expressway (NPE), to formalise the approval for the development of the New Pantai Expressway extension (NPE2).
As a part of the SCA, Nanta mentioned the federal government has permitted the extension of the prevailing NPE concession timeframe by 27 years, from its authentic 2030 interval to 2057. It has additionally agreed to IJM’s proposal to the restructuring of toll charges on the NPE, this being achieved by sustaining the current toll charge (RM2.30 for Class 1 automobiles) till the top of the concession interval in 2057.
Nanta mentioned the transfer is predicted to generate financial savings of about RM185 million in compensation funds for the federal government in the course of the authentic concession interval (2024-2030).
The NPE2 is a 15 km-long, absolutely elevated route from the Pantai Dalam toll plaza to the Jalan Istana interchange through Jalan Syed Putra, and can join with the NPE, Sungai Besi Expressway (Besraya) and the upcoming The Expressway Palace-Kiara Expressway (LIKE) route when it’s accomplished.
In keeping with IJM, building of the freeway extension is predicted to start within the fourth quarter of this yr and can take 4 years to finish. It added that the development value of RM1.418 billion can be absolutely borne by it.
The challenge may be very a lot part of the Kuala Lumpur Site visitors Grasp Plan 2040, which prioritises highway-to-highway connections that hold through-traffic out of the town’s core. With 4 ramps and two new elevated interchanges, the NPE2 is predicted to dissipate site visitors in KL, particularly alongside Jalan Syed Putra, Jalan Bangsar and Jalan Istana, saving motorists as much as 25 minutes in journey time.
As beforehand reported, there can be one new toll plaza, which is the Syed Putra toll plaza. The NPE2 can even embrace help for the multi-lane quick movement (MLFF) tolling system, a Good Freeway monitoring system, good road lighting and a brand new lay-by with EV chargers.
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