News about highway

KUALA LUMPUR (Aug 30): Kimlun Corp Bhd's net profit rose 36.

Construction sector Maintain market weight: The New Straits Times has reported that the government is planning to acquire 15 highways nationwide for RM43 billion via issuing debt to the concessionaires.

KUALA LUMPUR (Aug 21): A high-level meeting of government officials is believed to take place as soon as tomorrow to map out the plan on the highway concessions in the country moving forward.

KUALA LUMPUR (Aug 20): Works Minister Baru Bian is not aware of a new plan for the government’s takeover of 15 highways.

KUALA SELANGOR (Aug 8): Works Minister Baru Bian said today that the government's highway toll study has been completed and that the Cabinet will decide on the matter by this month.

KUALA LUMPUR (July 19): Fajarbaru Builder Group Bhd has bagged a RM27.

KUALA LUMPUR (July 12): The first phase of the Pan Borneo Highway in Sarawak is 45% complete, slightly ahead of the scheduled completion rate of 43%, said Works Minister Datuk Baru Bian.

KUALA LUMPUR (July 9): Finance Minister Lim Guan Eng says today the government plans to implement the highway congestion charge on Jan 1, 2020 if the Cabinet approves the move.

KUALA LUMPUR (July 8): The government is still reviewing the completion date for the Sabah section of Pan Borneo Highway.

PETALING JAYA (July 8): The proposed acquisition of four toll concessionaires will save billions of ringgit for taxpayers and highway users, while providing shareholders of the toll concessionaires a limited but reasonable return on their investment to ensure the stability of the fragile financial markets The finance minister issued two separate statements on June 22 and 26,  2019 to explain the benefits and rationale of the proposed offer to acquire four highway concessionaires (LDP, SPRINT, Kesas and SMART) by the government.