KUALA LUMPUR (July 9): The takeover of four highway concessions by the government and introduction of a congestion charge to replace the current toll system would save users up to RM2 billion, says the Finance Ministry.
PUTRAJAYA (July 9): The Cabinet has yet to make its final decision on the takeover of Gamuda Bhd’s four tolled highways, said Prime Minister Tun Dr Mahathir Mohamad.
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.
KUALA LUMPUR (July 4): Lingkaran Trans Kota Holdings Bhd’s (Litrak Holdings) board has accepted the Minister of Finance Inc’s (MoF Inc) offer to buy out its two concessionaires.
KUALA LUMPUR (June 28): Malaysian drivers would have to pay extra for toll, with an increase of almost up to 67%, if there had not been a change in government.
KUALA LUMPUR (June 28): Gamuda Bhd shares rose 1.
BUTTERWORTH (June 24): The government will pursue its initiative to acquire other highway concessionaires if the recent bid to take over four tolled highways and toll collection formulas are successful, Finance Minister Lim Guan Eng said yesterday.
KUALA LUMPUR (June 22): The Ministry of Finance (MoF) has formally handed over offer letters to four toll concessionaires with an enterprise value of RM6.
KUALA LUMPUR (May 31): The Sungai Besi Expressway (BESRAYA), the New Pantai Expressway (NPE) and the Kajang-Seremban Expressway (LEKAS) users will enjoy a 10% to 20% toll discount in conjunction with the Hari Raya Aidilfitri celebration on June 5.
KLANG (May 28): Users of Class 1 vehicles will be getting toll discounts of between 10% and 33% on 23 highways in conjunction with Aidilfitri next week.