Malaysian firms in feasibility study for highway

MALAYSIA: Malaysia’s PJI Holdings Bhd has entered into an agreement with Sithru (Malaysia) to jointly carry out a feasibility study for a highway project in Sri Lanka, it was announced yesterday.

Sithru has been asked by the Government of Sri Lanka to conduct the study for the construction of a four-lane highway.

The agreement will allow PJI to own 50 per cent of the project following Sri Lankan Government approval.