Malaysia’s South Klang Valley Expressway (SKVE) remains unsold despite being up for sale “for some tie”.
The Star newspaper reported unnamed sources saying the SKVE has suffered from low traffic volumes, compared with the Silk Highway, which is now also up for sale.
SKVE connects to the 37km Silk Highway – also known as the Kajang Traffic Dispersal Ring Road - at the Universiti Tenaga Nasional interchange, collectively stretching from Seri Kembangan to Pulau Indah.
Together, 90km of continuous highway is up for sale, the report noted.
SKVE Holdings was incorporated as a private limited company in 1996 to be a special purpose company for the privatisation of the South Klang Valley Expressway. According to SKVE Holdings, with the development of the country’s new administrative capital, Putrajaya, about 30km south of the Kuala Lumpur city centre, there was a need to have a good expressway linking Kuala Lumpur’s centre to the new capital.
The Star newspaper reported unnamed sources saying the SKVE has suffered from low traffic volumes, compared with the Silk Highway, which is now also up for sale.
SKVE connects to the 37km Silk Highway – also known as the Kajang Traffic Dispersal Ring Road - at the Universiti Tenaga Nasional interchange, collectively stretching from Seri Kembangan to Pulau Indah.
Together, 90km of continuous highway is up for sale, the report noted.
SKVE Holdings was incorporated as a private limited company in 1996 to be a special purpose company for the privatisation of the South Klang Valley Expressway. According to SKVE Holdings, with the development of the country’s new administrative capital, Putrajaya, about 30km south of the Kuala Lumpur city centre, there was a need to have a good expressway linking Kuala Lumpur’s centre to the new capital.
