Corporate Information
The 33km dual carriageway expressway is the alternative link road to the present Jalan Sungai Buloh - Kuala Selangor (Federal Road 54). LATAR Expressway provides for a faster, safer, smoother and non-congested drive that would take just a brief 18 minutes to accomplish from end-to-end.
Commuters will find easy access, convenience and connectivity to the many communities and townships along the LATAR Expressway.
The LATAR Expressway features six interchanges and six toll plazas on each side of the expressway. The six interchanges give faster and easy access into the existing Guthrie Corridor Expressway, PLUS North-South Expressway and the future West Coast Expressway.
Year
1996
The Company, formerly known as Lebuhraya Assamjawa Taman Rimba Bhd ('LATAR'), was incorporated in 1996.
Shareholding
60%
At that time,the shareholding was 60% held by Bina Puri Holdings Bhd
Shareholding
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.