Kumpulan Europlus Bhd (3565) is close to securing a RM4.5 billion loan from a group of banks to build the West Coast Expressway (WCE), which links Banting in Selangor to Taiping, Perak.
However, it is unclear if KEB will get to keep the highway. The Economic Planning Unit (EPU) declined comment when contacted.
On November 12, EPU director Tan Sri Dr Sulaiman Mahbob said the WCE could be re-tendered as the consortium involved had failed to secure financing in time.
"We have already checked the status of the highway project with the Works Ministry and were told it has not been cancelled," the company official said when contacted by Business Times.
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