This article first appeared in The Edge Financial Daily, on January 12, 2016.

KUALA LUMPUR: SPAZ Sdn Bhd, a 60%-owned subsidiary of Seacera Group Bhd, has pre-qualified for the construction and completion works related to the Damansara-Shah Alam Elevated Expressway (Dash) and the Sungai Besi-Ulu Klang Elevated Expressway (Suke).

In a filing with Bursa Malaysia yesterday, Seacera, which will see the trading of its shares suspended today pending an announcement, said SPAZ had received two letters of invitation from Turnpike Synergy Sdn Bhd (TSSB) informing SPAZ that it has successfully pre-qualified as contractors for the construction and completion of the highways.

TSSB is wholly-owned subsidiary of Projek Lintasan Kota Holdings Sdn Bhd, which in turn is a wholly-owned unit of Permodalan Nasional Bhd.

For Dash, SPAZ has been pre-qualified in four out of the eight separate contract works packages.

As for Suke, SPAZ has been prequalified in one out of nine separate contract works packages in relation to the location of Pekan Kolam Ampang-Ulu Klang and connection to the Duta-Ulu Klang Expressway and the Middle Ring Road 2 highway.

Dash, costing about RM4 billion, will be a 20.1km, three-lane expressway that will traverse Shah Alam’s Puncak Perdana U10, Kota Damansara, Mutiara Damansara and Damansara Perdana.

The RM4.18 billion Suke expressway is a 24.4km, three-lane, dual carriageway, which will connect Sri Petaling to Cheras and Ulu Klang.

Seacera closed unchanged at RM1.27 yesterday, with a market capitalisation of RM240.4 million.