Guan Eng: Reduced toll rates if proposed acquisition of four highways approved

Stressing that the conditional offer to acquire the Kesas, LDP, Sprint and Smart highways at a total cost of RM6.2bil was still subject to Cabinet's approval, Lim said the acquisition cost would be funded by a bond issuance that would be fully financed, and paid for from the collection of congestion charges.

Lim said the Federal Government had on June 21 made a conditional offer to acquire the four highways, pending Cabinet approval. "In principle, the Government will give discounts of up to 30% for hours outside of peak periods, and free travel during off-peak periods," he said.

So, basically no more toll but to be replaced with congestion charge and BECOMES FOREVER? 🤔 🤔 🤔

Hopefully, our kids and grandkids will not suffer!

A buyback with NO TOLL abolished ? Then formulate toll reduction by extending collection period for the same RM1. That way, toll is reduced and Govt do not have to cough out billions. Otherwise such superficial buyback will haunt taxpayers at the end. chedetofficial

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Finance Minister: Highway offer made after due diligence by expertsUsers will pay a reduced congestion charge that saves them RM180m annually, says Lim Guan Eng. A pure case of a paradoxical proposal. At the very end .. all taxpayer pays for its maintenance. Just reduce the toll by extending their concession period. That way, toll is reduced and only those who uses the highways pay, not every taxpayer chedetofficial guanenglim Paradoxical buyback - at the very end .. all taxpayer pays for its maintenance. Consider formulating toll reduction by extending collection period for the same RM1. That way, toll is reduced and only those using the highways pay, not every taxpayer chedetofficial guanenglim Which expert,
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