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C O R P O R A T E   I N F O R M A T I O N

 
KL-Kuala Selangor Expressway Berhad (KLSEB) is the concessionaire for the KL-Kuala Selangor Expressway (LATAR Expressway). The Company, formerly known as Lebuhraya Assamjawa Taman Rimba Bhd ('LATAR'), was incorporated in 1996. At that time, the shareholding was 60% held by Bina Puri Holdings Bhd and 40% held by Arena Irama Sdn Bhd.

Construction of the LATAR KL-Kuala Selangor Expressway commenced in 2008 when a supplemental concession agreement was signed on 28 February 2008 with the Ministry of Works representing the Government of Malaysia.

Subsequently, Bina Puri Holdings Bhd reduced its stake in KLSEB to 50% while Arena Irama Sdn Bhd increased its stake to 50%. The Company achieved financial close in October 2008 with a total of RM1.04 billion loan from Bank Pembangunan Malaysia and the Islamic Development Bank.

The Company has a 40-year concession on the LATAR Expressway. The concession was awarded on a Build-Operate-Transfer (BOT) scheme in which the Company is responsible to finance, design, construct, operate and maintain the expressway.