MRCB awaiting details on EDL toll abolishment

PETALING JAYA: Malaysian Resources Corp Bhd (MRCB) in a filing with Bursa Malaysia on Friday said it will make the necessary announcement on the Eastern Dispersal Link (EDL) highway, upon receipt of further details from the government.
Prime Minister Datuk Seri Najib Abdul Razak announced that the toll for the EDL would be abolished from 2018, during his Budget 2018 announcement.
The 8.1km expressway links the Pandan interchange at the southern end of the North-South Highway to the new Customs, Immigration and Quarantine (CIQ) complex, or known as Bangunan Sultan Iskandar, in Bukit Chagar Johor Baru. MRCB considers the EDL concession a non-core asset and has been looking to dispose of it to relieve a debt burden which makes up about 36% of its total debt.
The first full private sector funded highway, runs on a 34 year concession, which was awarded to MRCB in 2007.