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

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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.

 

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Sounds like we are paying the bill for the gomen.

Bila kena bail out, baru ada kos.

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