Expert calls for govt intervention to complete MEX II without bailout

Expert calls for govt intervention to complete MEX II without bailout

New Straits Times·2025-05-03 20:00

KUALA LUMPUR: The government should intervene in the delayed Maju Expressway Extension (MEX II) project to ensure its completion without a bailout, a transport expert said.

Transport consultant Wan Agyl Wan Hassan said a sustainable solution would be to form a Special Purpose Vehicle (SPV) with equity from government-linked companies (GLCs), partnered with private developers.

This approach, he said, would allow for the raising of a new sukuk to finance the remainder of the highway's construction.

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