IJM Corp gets approval for RM1.4bil New Pantai Highway extension and toll restructuring
PETALING JAYA: IJM Corp Bhd has received approval from the Ministry of Works for the New Pantai Highway Extension and the toll restructuring for the existing New Pantai Highway.
In a release, IJM noted the extension will have a new toll plaza and be funded by the concessionaire, New Pantai Expressway Sdn Bhd (NPESB).
Construction works are expected to commence in the third quarter of 2025 and cost the group RM1.4bil to complete. The 15km highway extension is targeted to be operational by 2029.
Meanwhile, the toll restructuring of the existing New Pantai Highway entails maintaining current toll rates until the expiry of the concession period.
Apart from easing congestion, IJM stated the extension project is expected to generate economic spillover benefits of RM5.6bil, unlocking growth for nearby developments such as Pantai Sentral Park and Bangsar South.
The existing New Pantai Highway or Expressway is a 19.6km dual carriageway developed by NPESB, a subsidiary of IJM Corp.
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