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Ipoh-Lumut Expressway

Sector: Road • Location: Malaysia

Source: World Bank Group

Project
Active

The Ipoh-Lumut Expressway is a 70km dual two-way expressway. The Seri Ipoh-Lumut Expressway (Silex), a consortium between MRCB Property Holdings, a wholly owned subsidiary of Malaysian Resources Corporation Berhad (MRCB) (70%) and Perak State Economic Development (30%), will be built at a cost of M$1bn (US$263.5m). The expressway will link Ipoh to the port of Lumut, reducing travel time by 30 mi

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The project “Ipoh-Lumut Expressway” is an infrastructure initiative in the Road sector, located in Malaysia. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The Ipoh-Lumut Expressway is a 70km dual two-way expressway. The Seri Ipoh-Lumut Expressway (Silex), a consortium between MRCB Property Holdings, a wholly owned subsidiary of Malaysian Resources Corporation Berhad (MRCB) (70%) and Perak State Economic Development (30%), will be built at a cost of M$1bn (US$263.5m). The expressway will link Ipoh to the port of Lumut, reducing travel time by 30 minutes. The consortium will finance, design, build, manage and maintain the expressway under a 33-year concession agreement with a three-year construction period. As of July 2001, MRCB had secured M$300m in government secured loans with the sponsor committing another M$400m in equity and the remaining M$300m in debt. Financial advisors included Alliance Merchant Bank and MP Capital Advisory. None None

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