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

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

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

Asian shares extend gains ahead of tech earnings, yen fragile
Singapore March core inflation at 3.1% y/y, below forecast
Oil prices stabilise, Middle East tensions remain in focus
Japan issues strongest warning yet on readiness to intervene in currency market
Gaza warmongering and genocide
FBM KLCI extends rebound
Sow seeds of resilience
Parched of solutions
Shore up water security
Ringgit opens slightly easier against US$ ahead of macro data

Others Also Read