KUALA LUMPUR, Aug 27 — IJM Corporation Bhd’s wholly-owned subsidiary New Pantai Expressway Sdn Bhd (NPE) has signed a supplemental concession agreement (SCA) with the government to undertake a 15-kilometre (km) NPE extension project.
IJM said in a statement today that the government has also approved its proposal to restructure NPE toll rates, a move expected to save approximately RM191 million in compensation payments.
“Starting from the Pantai Dalam Toll Plaza and stretching to Jalan Istana via Jalan Syed Putra, the extension will provide a smoother, faster route into the city centre.
“By linking directly to the Jalan Istana Interchange, the NPE extension connects three major expressways — the NPE, Sungai Besi Expressway (BESRAYA) and the upcoming Laluan Istana-Kiara Expressway (LIKE),” the conglomerate said.
The integration supports the Kuala Lumpur Traffic Master Plan 2040, which prioritises highway-to-highway connections to divert through-traffic from the city centre.
“Designed to meet future traffic demand, the project addresses key congestion points in the Klang Valley by providing an alternative route that is expected to divert up to 40 per cent of vehicles from Jalan Bangsar towards the city centre. It potentially reduces travel time by up to 25 minutes from Pantai Dalam to central Kuala Lumpur,” said IJM.
The agreement was signed today at the Works Ministry (KKR) headquarters by its secretary-general Datuk Seri Azman Ibrahim, on behalf of the government, and IJM Group chief executive officer and managing director Datuk Lee Chun Fai, representing NPE.
The ceremony was witnessed by KKR Minister Datuk Seri Alexander Nanta Linggi and key stakeholders.
Meanwhile, Nanta said the NPE extension would advance efforts to improve mobility and ease congestion across the Klang Valley.
“Implemented under a public–private partnership model without financial support from the government, it demonstrates the strength of private sector participation in delivering key infrastructure,” he said.
Lee said the signing of the SCA marked an important step in ongoing efforts to improve connectivity across the Klang Valley.
“The extension will ease congestion, reduce travel times and enhance access into the city, while also supporting everyday mobility for residents and businesses in synergy with public transport,” he said.
The construction of the elevated NPE extension is scheduled to begin in the fourth quarter of 2025 and is expected to be completed within 48 months.
“IJM has secured approvals from two financial institutions to provide up to RM1.4 billion in project financing, reinforcing the group’s readiness to begin works as scheduled.
“The group will continue working closely with KKR and relevant authorities to ensure the successful delivery of the highway extension, and will maintain open engagement with stakeholders throughout the project’s implementation,” it said. — Bernama
The agreement was signed today at the Works Ministry (KKR) headquarters by its secretary-general Datuk Seri Azman Ibrahim, on behalf of the government, and IJM Group chief executive officer and managing director Datuk Lee Chun Fai, representing NPE.
