Govt still negotiating on other highways, says Fadillah

KUALA LUMPUR: The government is still negotiating with other companies following the restructuring exercise involving four major highway concessionaires, says Datuk Seri Fadillah Yusof.

The Works Minister said there will be an announcement involving the other highways when the negotiations are concluded.

He told a press conference on Monday (April 4) that the negotiations for the four highways were conducted by him, the Finance Ministry as well as the Minister in the Prime Minister's Department (Economy).

"There were a few rounds of negotiation before a decision was made at the Cabinet level," he said.

Earlier, Prime Minister Datuk Seri Ismail Sabri Yaakob announced that the government agreed to the proposed restructuring of four highway concession companies around the Klang Valley.

These are Kesas Sdn Bhd which manages Shah Alam Expressway (Kesas), Syarikat Mengurus Air Banjir dan Terowong Sdn Bhd which manages Stormwater Management and Road Tunnel (SMART), Sistem Penyuraian Trafik KL Barat Sdn Bhd which manages the Western Kuala Lumpur Traffic Dispersal Scheme (Sprint), and Lingkaran Trans Kota Sdn Bhd which manages the Damansara-Puchong Expressway (LDP).