Finance minister: Takeover of four highway concessions will save users up to RM2b | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 86%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Finance minister: Takeover of four highway concessions will save users up to RM2b

09 July 2019

KUALA LUMPUR, July 9 — The takeover of four highway concessions by the government and introduction of a congestion charge to replace the current toll system will save users up to RM2 billion, says the Finance Ministry.Minister Lim Guan Eng told the Dewan Rakyat that the concession charge to be introduced will in principle give up to 30 per cent discounts for travel during normal hours and free travel during off-peak hours between 11pm and 5am.

Lim said the concession period of the four highways is between nine and 20 years, adding the period will not be extended after the takeover.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Abolished, not save OK?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Deputy minister: Only 40pc of companies are owned by Malays and other Bumiputeras | Malay MailKUALA LUMPUR, July 8 — Forty per cent of almost one million companies registered with the Companies Commission of Malaysia (SSM), are owned by Malay and other Bumiputera entrepreneurs. Announcing this during the parliamentary session today, Entrepreneur Development Deputy Minister Datuk Dr Mohd... and the problem with this is what may I ask? why must everything be owned by Malays? What if they are not made to be entrepreneurs? what if their personality and character type just does not show they have this? why can't u do something else like teach them to be good workers? why must they be bosses? they will when they know it from bottom up? Even if it’s 80%,majority will be owned by a few privileged Malay group.
Source: malaymail - 🏆 1. / 86 Read more »

Finance Ministry: Loan approvals up 13pc in May after OPR slashed | Malay MailKUALA LUMPUR, July 8 — Bank Negara Malaysia (BNM)’s decision to cut the overnight policy rate (OPR) by 25 basis points had pushed loan approvals by 13 per cent in May compared with the previous month, Dewan Rakyat told today. Deputy Finance Minister Datuk Amiruddin Hamzah said April’s loan...
Source: malaymail - 🏆 1. / 86 Read more »