Earlier at the moment, works minister Datuk Seri Alexander Nanta Linggi mentioned by way of a Fb put up {that a} supplemental concession settlement (SCA) has been signed between the federal government, by way of the works ministry (KKR), and IJM Corp, by way of 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 fee (RM2.30 for Class 1 autos) till the top of the concession interval in 2057.
Nanta mentioned the transfer is anticipated 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, totally elevated route from the Pantai Dalam toll plaza to the Jalan Istana interchange by way of Jalan Syed Putra, and can join with the NPE, Sungai Besi Expressway (Besraya) and the upcoming Laluan Istana-Kiara Expressway (LIKE) when it’s accomplished.
In keeping with IJM, development of the freeway 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 price of RM1.418 billion might be totally borne by it.
The undertaking may be very a lot part of the Kuala Lumpur Site visitors Grasp Plan 2040, which prioritises highway-to-highway connections that preserve through-traffic out of the town’s core. With 4 ramps and two new elevated interchanges, the NPE2 is anticipated to dissipate 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 might be one new toll plaza, which is the Syed Putra toll plaza. The NPE2 will even embody assist for the multi-lane quick circulate (MLFF) tolling system, a Good Freeway monitoring system, sensible road lighting and a brand new lay-by with EV chargers.
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