Close
Wednesday, May 14, 2025

Samling-Ekovest JV chosen for $471.2M Malaysian highway

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back

Related stories

5 Smart Off-Grid Home Upgrades That Improve Daily Comfort

Living off the grid can be freeing—but only if...

The 5 Best Concrete Boom Pump Manufacturers

Meta Description: Discover the top five concrete boom pump...

Ekovest Construction (ECSB) and Samling Resources (SRSB) have signed a joint venture (JV) and shareholders agreement to develop and upgrade a stretch of the Pan Borneo highway in Sarawak, Malaysia.

The companies will be responsible for the development and upgrading of the stretch from Semantan to Sg Moyan Bridge and the Kuching-Serian roundabout interchanges under a MYR2.11bn ($471.2M) contract.

The Samling-Ekovest JV will be the project implementation vehicle. ECSB, which is a wholly-owned subsidiary of Ekovest, will own a 30% stake in the JV while SRSB will own 70%.

Initial subscription of the JV shares and future investment or shareholders advances will be financed through internally generated funds and/or borrowings from financial institution.

SRSB will sub-contract the entire project to the JV at the same price at which the project was awarded to the company.

Latest stories

Related stories

5 Smart Off-Grid Home Upgrades That Improve Daily Comfort

Living off the grid can be freeing—but only if...

The 5 Best Concrete Boom Pump Manufacturers

Meta Description: Discover the top five concrete boom pump...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back