Dr M: No decision yet by Cabinet on highway takeover

PUTRAJAYA: The Cabinet has yet to make a final decision to acquire Gamuda Bhd's stake in four highway companies, says Tun Dr Mahathir Mohamad.

"No, not yet," said the prime minister when asked by reporters on Tuesday (July 9) if the cabinet has decided on the takeover.

He however, did not elaborate further.

Dr Mahathir was approached by reporters on the matter at the sidelines of the 2019 TVET Conference here.

The four highways in question are Kesas, LDP, Sprint and Smart.

On June 22, Finance Minister Lim Guan Eng confirmed that the Federal Government had made a conditional offer subject to Cabinet approval to acquire the four highways at the total cost of RM6.2bil.

The proposed takeover will be funded by a bond issuance that is fully financed and paid for from the collection of congestion charges.