Maybe u should spend ur time driving across sungai long , hulu langat to see the complexity of building the highway, then u will understand . Yes other big companies would do it , but they wouldnt waste their workers on building a highway that doesnt benefit much to them. Small companies is the choice for them
Whether we like it or not, AZRB is a bumi contractor ... Under PH government, priority will be given to bumi contractors, even though no more mega project but there would be more smaller projects coming ... AZRB palm oil plantation is turning around n profitable, toll road is completing by next year n starts collecting money n other biz are picking up n contributing positively ...
Dear OTB, "...The highway stretches 27.5km from the SILK Expressway at Sungai Long, Kajang to the Middle Ring Road 2 (“MRR2”) interchange at Ukay Perdana, Ampang, with 3 other interchanges in between. The total concession is for 50 years including the construction period of 4 years..."
As long as the project will be completed within the time frame as stipulated in the contract, then the blame should not be put on AZRB. For all the inconveniences, I will rather blame the previous gov which drafted and awarded the contract. May be they wanted to reduce the cost by sacrificing construction period and rakyat's convenience...
azrb invested a huge sum in kelantan tok bali supply base largely because it know ecrl would be built and enhance the value of tok bali supply base. now ecrl is cancel, difficult for azrb to recover the investment cost.
Don't put high hope on ekve toll. It's not guarantee profit making. Mrcb wanted to sell it's Eastern dispersal link which incurred losses, mrcb had to inject capital to repay loan. Silk holdings berhad 's Kajang Silk highway also posted losses for years.
AZRB's Tok Bali Kelantan n Kemaman Trengganu port are catering for oil n gas activities for local n nearby PSC services, it's getting incremental profit since 2015 ... EKVE will benefit 140,000 motorists daily from Kajang to Ampang, it's a outer ring road to bypass heavy traffic in the city, it's going to be a cash cow for AZRB ...
Let's do simple math. Azrb issued Rm1 billion sukuk and borrow. Rm635 million for Ekve. Assumed 5% interest rate, one year interest would be about Rm80 million. I also assumed the total cost to build Ekve equal the loan Rm1.635 billion. 50 years concession. Yearly depreciation Rm30 million.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
john doe
749 posts
Posted by john doe > 2018-08-13 20:23 | Report Abuse
No, not yet. Today is a global and market sad day... unless it drop below 0.495