Govt to finance highway deal through RM6.2 bil bond issuance, says Guan Eng

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Finance minister says the issuance of the bond comes at no cost to the federal government. FMTNews LimGuanEng Toll

Lebuhraya Damansara-Puchong is one of the four highways the government intends to purchase from the toll concessionaires.

“This compares with having to pay RM18 billion in compensation for the highways to not collect any toll charges.” Lim said: “Due to legacy issues from the previous government leading to financial constraints, the federal government cannot afford to fork out RM18 billion. In addition, he said, the concession period would not be lengthened but would expire in accordance with the existing concession agreements.

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:

 /  🏆 5. in NG
 

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

Sounds like we are paying the bill for the gomen.

Bila kena bail out, baru ada kos.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines