Guan Eng: Reduced toll rates if proposed acquisition of four highways approved

Finance Minister Lim Guan Eng says the government's fiscal consolidation is on track as it targets to reduce the deficit from 3.7% of GDP in 2018 to below 3% by 2021.

PETALING JAYA: Road users can enjoy reduced toll rates if the proposed acquisition of four highways is materialised, says Finance Minister Lim Guan Eng.

Stressing that the conditional offer to acquire the Kesas, LDP, Sprint and Smart highways at a total cost of RM6.2bil was still subject to Cabinet's approval, Lim said the acquisition cost would be funded by a bond issuance that would be fully financed, and paid for from the collection of congestion charges.