PETALING JAYA (March 2): The planned state highway takeover of concessions owned by Gamuda Bhd has some observers saying that it is a step in the right direction for the Pakatan Harapan government in fulfilling promises from their election manifesto.
KUALA LUMPUR (October 5): Following its deferment of toll abolition, the government is now considering giving rebates or discounts for road users, as well as extending the concessions for tolled roads, to bring down toll rates, according to Works Minister Baru Bian.
KUALA LUMPUR (September 27): RAM Ratings has downgraded the long-term rating of MRCB Southern Link Bhd’s RM845 million senior sukuk to C1 from BB3 on heightened default risk following the abolishment of toll collections at the Eastern Dispersal Link (EDL) which is being taken over by the government.
PETALING JAYA (Sept 24): The government will continue to compensate highway concessionaires for not raising their toll fares as it seeks to fulfill its election promise of abolishing tolls, said special officer to the Finance Minister Tony Pua.
KUALA LUMPUR (August 17): The amount required to take over all the toll concessions in the country will cost less than the RM400 billion projected by the previous Barisan Nasional government, said ministry of finance special officer Tony Pua.
PETALING JAYA (Aug 13): It looks like the tolls will be here to stay for a while as the government needs the RM400 billion in revenue, said Works Minister Baru Bian.
KUALA LUMPUR (July 30): The Works Ministry said it is reviewing proposals for the removal of highway tolls in stages as the move involves huge implications.