Under the latest work plan, progress of construction as at end-September 2019 stood at 62.8% against the scheduled 64.7%, slightly behind schedule but deemed manageable.Ĭommencement of tolling operations is accordingly expected to be deferred to January 2021, nine months later than the initially scheduled April 2020.
As a result, project completion is now projected to be in November 2020 instead of February 2020 as initially planned. While the issue is now resolved, that change in decision over the road alignment at Bandar Malaysia, and the consequent need to restart the land acquisition process have set the construction back by 14 months. This is arising from the change in alignment at the Bandar Malaysia stretch, a circumstance that is beyond the scope of DUKE 3’s control. While the sector’s regulatory environment appears more settled and the RIA has been fully received in April 2019, the rating outlook remains negative as there is now a risk of time overrun. The negative outlook also incorporated a delay in receipt of the reimbursable interest assistance (RIA) from the government amounting to RM460.0 million that could potentially affect DUKE 3’s debt-servicing ability. The Sukuk Wakalah was put on a negative outlook last year over the uncertainty on the direction of the toll road sector following the government’s decision to review toll road concessions and their tariff framework. SPE will connect Middle Ring Road 2 at Wangsa Maju to Kerinchi Link adjoining Federal Highway and is being built under a concession agreement with the Malaysian government ending August 5, 2069. The rating outlook remains negative.ĭUKE 3, a wholly-owned subsidiary of Ekovest Berhad (Ekovest), is undertaking the design, construction, financing, operations and maintenance of the 32.1-km Setiawangsa-Pantai Expressway (SPE) in Kuala Lumpur. What do you think? Leave a comment below.MARC has affirmed its rating of AA- IS on toll concessionaire Lebuhraya DUKE Fasa 3 Sdn Bhd’s (DUKE 3) RM3.64 billion Sukuk Wakalah. If he can continue to develop, that value will continue to shoot up. Still, as a young domestic player, he is rather valuable to have on the roster, in many ways. In other words, he’s got promise but it’s not fully realized yet.
I think another season of growth and possibly divided time with a reserve team could do him good and give him a chance to get more minutes against fellow pros under his belt. I think Duke shows considerable promise, but the four players ahead of him seem like pretty clear starters ahead of him at this point. Is he ready to start regularly as a midfielder? I don’t think so, not yet. Obviously, it will depend on how many midfielders play, the coach’s preference and any other potential signings that come in, but he could find a bigger breakthrough next season. But with Kaye getting traded away during the season, the depth chart ahead of Duke went down by one, and that could give him an opportunity. But he seemed to grow the most in dealing with the pace of play and pretty much looking like he belonged.ĭuke’s contract option was picked up for 2022, so we can presume he remains in the team’s plans moving forward, although that is an open question for every player with a new head coach coming in. The numbers don’t jump out, but three assists in a season where LAFC were far more stingy with goals scored in limited minutes is pretty good. To me, it looked like that loan spell helped Duke leverage more playing time with the first team and he played quite a bit down the stretch. More importantly, he stood out as the main protagonist in midfield for Las Vegas when he played there, showing a combination of quick footwork and swagger, drawing and conceding fouls and showing an edge that frankly was often lacking on LAFC’s squad. He played 1,000 minutes there, 12 starts, and scored a goal and three assists. It was facilitated by his loan stint with Las Vegas Lights FC, LAFC’s reserve team, in the USL Championship. As a result, the path to a real route to playing time seemed long and twisting for Duke.īut the Arizona native got some limited time in 2020 with so many players coming in and out of the rotation, and he built on that this year. When LAFC first signed him, the team had three clear starters in midfield - Eduard Atuesta, Mark-Anthony Kaye and Latif Blessing - and two newcomers who seemed like future starters, in Francisco Ginella and Jose Cifuentes. In some ways, the 20-year-old made one of the biggest jumps on the squad. Bryce Duke returned for his second season with LAFC in 2021.
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