KL firm unveils RI project

KL firm unveils RI project

KUALA LUMPUR (Dow Jones): -Road Builder (M) Holdings Bhd.
Thursday said a Malaysian consortium has discussed providing Rp
800 billion (US$81.6 million) for the cost of land to revive a
road project in Jakarta.

The consortium comprises Perspec Prime (Malaysia) Sdn. Bhd.
and Comtrac Sdn. Bhd., both units of industrial group DRB-Hicom
Bhd., Road Builder's unit Road Builder (M) Sdn. Bhd., and
Ranhill Corp. Sdn. Bhd.

In a statement to the Kuala Lumpur Stock Exchange, Road
Builder said the land cost would be part of the total cost of the
Jakarta Outer Ring Road toll project.

The consortium is discussing the revival with the Indonesian
Bank Restructuring Agency.

Road Builder said the total financing cost of the project was
IDR1.2 trillion and that the portion to be financed by the
Malaysian consortium is still being negotiated.

The company said the equity structure was also under
discussion.