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Friday, January 13, 2012

Bina Puri receives letter on highway (Star)

Bina Puri Holdings Bhd has confirmed that it has received a letter of intent dated Nov 11, 2011 from the National Highway Authority in Islamabad, Pakistan with regard to the conversion of the existing four-lane Karachi-Hyderabad super highway into a six-lane motorway on a build, operate and transfer basis.

“We are currently negotiating the financial and legal aspects of the concession agreement with them. We will make further announcements on the progress of the concession,” it said in a filing with Bursa Malaysia.

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