Highway acquisition will bring compensation savings of at least RM5.3b: Lim

: The government’s proposed RM6.2 billion acquisition of four highways in the Klang Valley through the issuance of bonds is a “win-win solution” as it will result in savings of at least RM5.3 billion in compensation to the operators for freezing toll hikes.

Lim disclosed that the compensation savings would be RM1.92 billion – RM2.24 billion for LDP, RM1.57 billion – RM2.04 billion for SPRINT, RM1.08 billion – RM1.19 billion for Kesas, and RM671 million – RM1.03 billion for SMART. “The proposed acquisition cost of RM6.2 billion will be funded by a bond issuance that is fully financed, and paid for from the collection of congestion charges. This compares with having to pay RM18 billion in compensation for the highways to not collect any toll charges,“ he said.

Another reason for acquiring the highways, Lim said, was that the concession period would not be lengthened but would expire in accordance with the existing concession agreements.

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Guan Eng: Reduced toll rates if proposed acquisition of four highways approvedPETALING JAYA: Road users can enjoy reduced toll rates if the proposed acquisition of four highways is materialised, says Finance Minister Lim Guan Eng. 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 Hopefully, our kids and grandkids will not suffer! So, basically no more toll but to be replaced with congestion charge and BECOMES FOREVER? 🤔 🤔 🤔
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