The government says it will cost about RM449 million to complete the long-delayed Maju Expressway Extension (MEX II) highway, which has been mired in financial trouble for years.
In a parliamentary reply, works minister Alexander Nanta Linggi said the figure was provided by the receivers and managers appointed by the sukuk holders after they issued a notice of default to the concession company in January 2022.
He noted that the actual cost might now be higher as the highway had been left idle for an extended period and would require repairs and other work in line with current prices.
Nanta said the government still did not know when the project would be completed or what the toll rates would be as the receivers and managers were still preparing a full proposal covering…