Gamuda’s proposal a win-win for all parties

Gamuda owns 70% of the Shah Alam Expressway or the Kesas highway(pic), 43.2% of Lingkaran Trans Kota Holdings Bhd (which has a stake in the Damansara Puchong Highway or LDP and the Western KL Traffic Dispersial System or SPRINT Highway).

KUALA LUMPUR: Gamuda Bhd said any sale of its highway concessions would be done at a fair market value and said a speculated enterprise value of RM5.2bil for these concessions as reported in a business weekly over the weekend was “incorrect”.

The company also confirmed it is currently still in talks with the government on a proposal that involves keeping the current toll rates unchanged with no further increases.