In 2007, Taliworks expanded its business in Highway Management via the acquisition of a 55% stake in Cerah Sama Sdn Bhd (“Cerah Sama”). Cerah Sama is an investment holding company of Grand Saga Sdn Bhd (“Grand Saga”) which is principally involved in the design, planning, construction and operation of the Cheras – Kajang Highway.
The Cheras – Kajang Highway, completed in 1998, is among the first four-lane dual carriageway in Malaysia, stretching from the Connaught Interchange, Cheras to Saujana Impian, Kajang. The highway comprises one Rest and Service Area and eight interchanges namely Pasukan Gerakan Am, Hulu Langat, Telekom, Bandar Tun Hussein Onn, Balakong, Sungai Long, Bukit Dukong, and Saujana Impian.
The Government of Malaysia had in 1995 awarded a thirty (30)-year concession to Grand Saga to upgrade and maintain the Cheras-Kajang Highway, on a build, operate and transfer basis. The Concession Agreement commenced from 19 September 1995 until 18 September 2025. The concession period was subsequently extended until 18 September 2045.
The construction of the 11.5 km Highway began in 1996 and was completed in year 1998 and toll operations commenced on 15 January 1999 at two toll plazas along the highway. However, toll collections were discontinued for the Kuala Lumpur bound lane at Toll Plaza Batu 9 and the Kajang bound lane at Toll Plaza Batu 11 of the Cheras-Kajang Highway with effect from 2 March 2012.
GRAND SEPADU ( NEW NORTH KLANG STRAITS BYPASS EXPRESSWAY)
In December 2014, Taliworks through its indirect joint venture, Grand Sepadu (NK) Sdn Bhd (formerly known as Jejak Melewar Sdn Bhd), executed a Novation Agreement and a Second Supplemental Concession Agreement (“SSCA”) to take over the assets and concession rights of the New North Klang Straits Bypass Expressway (“NNKSB”) from Lebuhraya Shapadu Sdn Bhd (In Liquidation) (“Shapadu”) for cash consideration of RM265 million. Shapadu had previously owned the concession rights of the NNKSB via a concession agreement dated 1st August 1995 and a first supplemental concession agreement dated 7th May 1999 which were executed with the Government of Malaysia.
Under the terms of the SSCA, the concession period will be extended for a further term of 18 years commencing from the date of the execution of the SSCA. NNKSB is a 17.5km two-lane dual carriageway highway which links North Port to Bukit Raja, Klang. The NNKSB is parallel to the old tolled North Klang Straits Bypass (which became a non tolled road after NNKSB became operational) and is linked to Lebuh Raya Shah Alam (“KESAS Highway”), Federal Highway and the New Klang Valley Expressway. NNKSB commenced operations in 2001.