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Friday August 23, 2013 MYT 12:00:00 AM
Friday August 23, 2013 MYT 7:57:20 AM
by yee xiang yun AND zazali musa at the johor satte assembly
NUSAJAYA: Johor cannot unilaterally impose a levy on incoming Singapore-registered vehicles as the matter is under the jurisdiction of the Federal Government, the state assembly was told.
According to Public Works, Rural and Regional Development Exco Datuk Hasni Mohamad, Pengangkutan Awam Iskandar Malaysia, the agency in charge of public transportation in the Iskandar area, was conducting a study on how to impose entry charges for vehicles coming in from the republic.
“Apart from reducing congestion at entry points into the Johor Baru city centre, the move will also encourage the use of public transportation,” Hasni said yesterday.
He added that levy collected would be channelled to infrastructure development, operation and maintenance of public transport and services to provide efficient and better service for consumers.
On the takeover of assets and liabilities of SAJ Holdings Sdn Bhd (SAJ) by Pengurusan Aset Air Bhd (PAAB), Hasni said the state government did not incur any losses in revenue and costs following the takeover as the exercise involved the restructuring of water-related project debts and not the divestment of shares.
He said under the restructuring, PAAB had to pay the book value of the water supply infrastructure and outstanding loans, adding that the audited financial statement of SAJ showed that its position stood at RM4.3bil.
From the total amount of RM4.3bil, RM2.29bil were used to pay off SAJ debts to bond holders.
“The balance of RM1.28bil was used to settle the debts on behalf of the state government as stated under the concession agreement,” he said in his winding up speech here yesterday,
“The remaining balance was the asset value gained by SAJ for their investment in the water industry in the state,” he said in reply to Dr Boo Cheng Hao (DAP–Skudai).
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