MAHB signs RM530mil deal with WCT to develop KLIA2
PETALING JAYA: Malaysia Airports Holdings Bhd (MAHB) has signed a concession agreement with WCT Bhd and Segi Astana Sdn Bhd (SASB) for privatisation of the construction, development and financing of the integrated complex at KLIA 2 under a 25-year concession. The construction cost is RM530.3mil which will be funded through a combination of external borrowings by SASB and the balance shall be funded by shareholders equity. SASB is wholly-owned by WCT Land Sdn Bhd, which in turn is a wholly-owned unit of WCT.