Works Ministry: Highway users do not have to pay toll forever | Malay Mail

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Works Ministry: Highway users do not have to pay toll forever

KUALA LUMPUR, April 9 — Claims that highway users will be paying toll indefinitely following the restructuring of four companies with an extension of the concession period are untrue, according to the Ministry of Works .

The four highway concession companies are Kesas Sdn Bhd which manages the Shah Alam Expressway , Stormwater Management and Road Tunnel , Western KL Traffic Dispersal System Sdn Bhd or SPRINT and Lingkaran Trans Kota Sdn Bhd . “Construction was done using funds obtained by the concession company through loans or the issuance of Sukuk which must be repaid through toll collection while the operation cost and maintenance is covered through toll collection,” it said.

KKR explained that with the restructuring, the toll rate will remain the same for a further period, in fact the government can also end the concession period at any time subject to its financial position to avoid an increase in the price of goods due to a rise in toll rate.

 

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We don't want to pay anymore tol NOW!!

Whatseriously?hahahahhahas

Just until fuel prices r so expensive no one can afford to drive cars anymore. Or in 4099 when we can teleport.

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Unlike diamonds, highway tolls aren't forever, says Works MinistryKUALA LUMPUR: Claims that highway users will be paying toll indefinitely following the restructuring of four companies with an extension of the concession period are untrue, says the Works Ministry. Unlike the money in my wallet, highway tolls seem to stay forever. It's not about forever. It's about no extention from the current timeliness. It will just last 10 lifetimes ... More than enough to feed the concessionaires until year 3030
Source: staronline - 🏆 4. / 75 Read more »