PETALING JAYA: The stalled West Coast Expressway, awarded to IJM Corporation Bhd, was part of a bailout deal for 13,500 abandoned homes, The Malay Mail understands.
IJM had been approached by Tan Sri Chan Ah Chye, the chairman of Talam Corporation in the early 2000s, to rescue several abandoned housing projects in Selangor.
Chan, whose Kumpulan Europlus Bhd subsidiary, WCE Sdn Bhd, won the highway concession in 2002, had approached IJM boss Tan Sri Krishnan Tan to help revive the housing projects — something then synonymous with Talam.