KUALA LUMPUR, April 5 Motorists could stand to save RM5 billion from the government’s proposal to restructure four toll concessions, said a Gamuda executive who hailed the proposition as a win for both the people and the government. Its deputy group managing editor Mohammed Rashdan Mohd Yusof.
PETALING JAYA: The proposal to dispose of Gamuda Bhd’s four urban highway assets to a non-profit private company – Amanat Lebuhraya Rakyat Bhd (ALR) – for RM5.5bil is an opportunity for the former to unlock value, while its shareholders could be rewarded by a special dividend distribution.
KUALA LUMPUR, April 6 The toll restructuring exercise executed by the government was not a Pakatan Harapan (PH) policy, as the plan already existed during the Barisan Nasional (BN) era, Works Minister Datuk Seri Fadillah Yusof said. In a statement today, Fadillah said that the government began.
PETALING JAYA: The toll rates on six highways in the Klang Valley will remain unchanged until the end of the concession period – with three likely to see the toll lifted earlier.
PETALING JAYA: The decision not to increase toll rates on six highways until the end of the concession period has been well received by Pakatan Harapan.