News about toll

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.

  PUTRAJAYA (May 27): Prime Minister Tun Dr Mahathir Mohamad said that there has yet to be a decision made on reducing toll rates in the country.

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.

KLANG (Feb 25): Prime Minister Tun Dr Mahathir Mohamad today said the government is taking the initiative to fulfil its election promise to abolish toll collection in stages with the introduction of the 'congestion charge', to encourage people to use highways during non-peak hours.

KUALA LUMPUR: The spotlight is on Gamuda Bhd and its peers which own highway concessions once again as the government is working on ways to honour its promise to abolish tolls in stages.

KUALA LUMPUR (Dec 28): The freeze on toll hikes for highways and the abolition of motorcycle tolls next year are set to cost the government RM994.

KUALA LUMPUR (Dec 17): The government will appoint an independent consultant by next month to study toll concessions in the country, The Sun reported today The consultant will also “help look for ways to reduce” the toll burden on citizens.