Gamuda clarifies proposal on tolled highway trust A view of Lebuhraya Shah Alam, commonly known as Kesas. – Gamuda website pix
PETALING JAYA:
Gamuda Bhd has denied that its proposal to have four tolled highways acquired by a highway trust involved an enterprise value of RM5.2 billion.
“The speculated enterprise value of RM5.2 billion for a highway trust proposal is incorrect,” Gamuda said in a stock exchange filing today.
However, Gamuda confirmed that its highway trust proposal to the government does entail the sale of its highway concession at fair market value, to an independent entity funded entirely by private debt capital markets.