DAP’s Tony Pua says the government has come up with a win-win formula for the tolls.
The company’s concession, which was supposed to end in 2038, will be extended by 20 years to 2058. Toll rates will be reduced by 18% from this year, with no hikes for the next 38 years. This, he said, would save the government at least RM26 billion which could be channelled to welfare and development programmes.
Pua said this would ensure that the dividends to be paid by EPF to its contributors would not be affected by the PLUS restructuring exercise. “He argued that a person who spends RM400 per year on toll will spend RM7,200 for the lifetime of the existing concession as compared to RM12,464 under the new scheme.Pua said Najib had failed to take into account that existing toll rates would be increased by 5% every three years until the end of the concession period, which meant that the same person would have to fork out RM9,700, and not RM7,200.
As oppose to Pua's lying mathematics on buying those concessions and abolish tolls that won him the govt now. Serial liar.