Some development on the stalled Maju Expressway extension (MEX II). According to works minister Datuk Seri Alexander Nanta Linggi, it is estimated to cost RM449 million to complete the long-delayed project, reports The Star.
This estimate comes from the receivers and managers (R&M) appointed to oversee MEX II Sdn Bhd, the project concessionaire, in November 2024. The company has been under receivership since May 2022 after defaulting on sukuk payments.
Nanta pointed out that the final cost could rise due to current price levels, repair works, and other expenses stemming from the extended project delay. The minister was responding to Yeo Bee Yin (PH-Puchong), who asked for updates on the project’s remaining construction costs, the expected completion timeline and potential toll rates.
“The R&M team is preparing a comprehensive proposal covering cash flow projections, financing costs, traffic impact analysis, concession period, and toll structures to ensure the project remains financially viable,” Nanta said in a written reply.
Construction of the 18 km-long, open-toll, three-lane dual carriageway project began in early 2017 and was originally due to be completed in December 2019. However, cash flow problems stalled works and the Malaysian Anti-Corruption Commission (MACC) has gotten involved to investigate alleged false claims involving RM360 million.
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half a Bil just to complete it..god dam abu juling should pay for it..
spell the convict name properly – tan sri abu sahib
Enough highways la dei
So what was the result of the verdict of MACC’s investigation? Or i need to look it up under the carpet??
The new KLIA Aerotrain replacement project cost approximately RM456.1 million. That short train cost relatively more than MEX?
Still got toll? Janji atas mana?
“project began in early 2017 and was originally due to be completed in December 2019.” – remind us which party was the gomen and who was the PM during this time ?
BN Najib
failed bankcrupt mex2 , corrupted tansri ,all thanks to BN
it is expected as raw material prices have inflated tremendously including middle man costs.
if had been completed in 2018 or materials secured then, price would have been 50%. that applies to all projects that were postponed and halted during that 2018 era and suddenly recently revived to “spur” economy under the trickle down umbrella concept. the debt back then was 680bn and now its, 1.4 Trillion.
had a golden goose but greed took over.
ask tan sri to pay… sell of all his assets to pay of what he has taken. then use the money to build Mex 2. if not enough declare him bankrupt. apa susah? don’t just give preferential treatment and be fair.
Government should build first then sell to private operators at market price. This should avoid the problem of abandoned project.