Cabinet yet to decide on Gamuda


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

PUTRAJAYA: The Cabinet has yet to make its final decision on the takeover of Gamuda Bhd’s four tolled highways, said Prime Minister Tun Dr Mahathir Mohamad. 

"We have not made that decision,” he told reporters after attending the Technical and Vocational Education and Training Convention here today.

On Feb 23, Dr Mahathir announced that the government had proposed to take over four tolled highways in the Klang Valley -- the Damansara-Puchong Expressway (LDP), Sprint Expressway, Shah Alam Expressway (Kesas) and the Stormwater Management and Road Tunnel (SMART).

On June 21, Finance Minister Lim Guan Eng was reported as saying that the Federal government made a conditional offer to take over the four highways at the cost of RM6.2 billion, pending the Cabinet’s approval. - Bernama
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

Next In Business News

Top Glove predicts 3% hit on FY21 sales due to production halt �
Airlines set to lose US$157bil amid worsening slump - IATA
AirAsia looks beyond losses to travel return
CPO December contract closes lower at RM3,448
My EG posts net profit of RM70.74m in 3Q
Leong Hup International's 3Q results up on-quarter
Inari sees strong demand for 5G RF components as Q1 net profit soars
PBA 3Q net profit jumps nearly 83% to RM11.3m
Majuperak returns to profit after three consecutive loss-making quarters
UEM Sunrise posts RM28.9mil loss in Q3�

Stories You'll Enjoy