Award of BEE contract formalised, finally. Besraya (M) Sdn Bhd, the concessionaire of Sungai Besi Expressway (SBE), has formally awarded the turnkey contract of Besraya Elevated Expressway (BEE) to Road Builder (M) Sdn Bhd for RM600m. This is effectively an “internal” transaction as both companies are wholly-owned subsidiaries of IJM. To recap, BEE is a 12.3km extension to SBE that will link up with Jalan Istana, Middle Ring Road II and the Pandan area.
IJM Corporation Berhad : Award Of Besraya Elevated Expressway Contract Formalised - 22/03/2010
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