CORPORATE
PROFILE
Incorporated in December 2000 and listed on 17 November 2023, WCE Holdings Berhad is primarily focused on the execution of the West Coast Expressway Project by its 80%-owned subsidiary, West Coast Expressway Sdn Bhd, an ISO9001:2015 and ISO14001:2015 company.
Incorporated in December 2000 and listed on 17 November 2003, WCE Holdings Berhad is primarily focused on the execution of the West Coast Expressway Project by its 80%-owned subsidiary, West Coast Expressway Sdn Bhd, an ISO9001:2015 and ISO14001:2015 company. This build-operate-transfer privatisation project involves the development of a 316km highway (including 83km of toll free sections of Federal Route 5 that was upgraded by Jabatan Kerja Raya) connecting the west coast of Peninsular Malaysia from Banting in Selangor to Taiping in Perak.
To-date, the overall construction progress of the Project is 87% and the construction for the remaining sections are on-going. Currently, four (4) out of eleven (11) sections have been completed and opened for toll operations. The completed sections are Section 5 (New North Klang Straits Bypass – Bandar Bukit Raja Utara), Section 8 (Hutan Melintang – Teluk Intan), Section 9 (Kampung Lekir – Changkat Cermin) and Section 10 (Changkat Cermin – Beruas). With effect from 12.01 a.m. on 21 November 2023, an additional completed section, namely Section 6, which connects Bandar Bukit Raja Utara to Assam Jawa was opened to the traffic. The completion of this section enhances public accessibility and connectivity especially along the nearby towns of Klang, Kapar, Kuala Selangor and Tanjung Karang. This section is also connected to the Kuala Lumpur – Kuala Selangor Expressway (LATAR).The Group is targeting to complete another 3 sections by the end of this financial year: Section 1 Banting – South Klang Valley Expressway (SKVE), Section 2 SKVE – Shah Alam Expressway (KESAS) and Section 11 Beruas – Taiping South.
In the construction sector, the Group is also involved in construction of the proposed access from West Coast Expressway to a mixed development project in Kota Seri Langat known as the Seri Langat Project, and construction of Section 7, Part 2 of 2 (“Section 7B”) of the WCE Project which is approximately 10km in length from the beginning of the Assam Jawa Interchange towards Tanjung Karang Interchange.
During the financial year 2023, the Group completed the share sale of its 40% equity interest in Radiant Pillar Sdn Bhd, for a total consideration of RM494 million. The proceeds from the disposal will be utilised for the WCE Project. With this disposal, the Group is no longer involved in the property sector.
Moving forward, the Group is confident that its ventures in infrastructure and construction activities will position itself positively on a sustainable growth path.