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.
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