Government's rationale to acquire tolled highways


Gamuda's expertise in building highways as reflected in the LDP project.

Government's 11 points explanation to buy over highway concessions 

Below is the full statement issued by Prime Minister's Office


1. Pakatan Harapan has promised in its election manifesto to take steps to acquire highway concessions and abolish toll collection in stages, in accordance to the terms of the concession agreement. 

 2. This is to alleviate the high cost of living for commuters. 

3. I am pleased to announce that as a first step, the Government has commenced talks with Gamuda Berhad to negotiate the acquisition of highway concession in which the company has a majority stake. 
 4. The highways are the Lebuhraya Damansara Puchong (LDP), Sistem Penyuraian Trafik KL Barat (SPRINT), Lebuhraya Shah Alam (KESAS) and SMART Tunnel. 

5. Upon successful takeover of the highways, the Government intends to abolish the existing toll mechanism. 

6. In its place, a ‘congestion charge’ will be introduced where commuters will only pay a ‘congestion charge’ equivalent to the existing toll for 6 hours of “peak” period a day. 

7. During the “off-peak” period between 11pm and 5am, commuters will travel on the highway for free. 

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Brahmal is major shareholder of MCE Holdings
Khairy Jamaluddin named member of India-based Fischer Medical Ventures board
Ringgit has been unfortunate, unfairly assessed vs US dollar -BNM
Wall St set for muted open as weak earnings offset jobless claims relief
Creador’s Brahmal emerges as substantial shareholder of MCE Holdings
US weekly jobless claims increase more than expected
AmBank launches revamped AmOnline mobile banking
Pentamaster to prioritise sustainability
Kerjaya Prospek Property to jointly develop Batu Kawan land for proposed mixed development
Ringgit almost unchanged against greenback at the close

Others Also Read