Highway restructuring bid speeds up

Smooth ride: An aerial view of the Kesas toll (left). The latest takeover offer will mean status quo in terms of toll rates for the revised duration of the concessions.

IT was just like yesterday that Gamuda Bhd’s deputy group managing director Mohammed Rashdan Yusof remembers just how close the company was to sealing the original four highway sale with the Pakatan Harapan (PH) government.

Phone calls were made and assurances were given that the plan would be a done deal. What neither party saw was the collapse of the PH government following the Sheraton Move.