Finance Minister: Highway offer made after due diligence by experts

  • 📰 malaysiakini
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Users will pay a reduced congestion charge that saves them RM180m annually, says Lim Guan Eng.

Finance Minister Lim Guan Eng has hit out at detractors of his highway concession takeover plan, saying it was made after due diligence and will save users up to RM180 million annually.

"Upon expiry, the congestion charges will be further reduced significantly to cover only the operating and maintenance costs, without any profit element." "Let me reiterate that the conditional offer is made after due diligence by professional banking consultant in line with fulfilling the commitment by the Pakatan Harapan government in its electoral manifesto to take over highway concessions and gradually reduce toll rates to ease the burden on the people," he said.

 

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

Obviously LGE didn't consult his special office cum pol sec the genius Tony Pua. That guy said he only need a little money to takeover all toll operators and abolish tolls!!!!!

Which expert,

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

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

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:

 /  🏆 20. in US

United States United States Latest News, United States United States Headlines

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

Finance Ministry must be transparent in stating cost for four highwaysSEREMBAN: The Finance Ministry must specifically state the cost to take over four tolled highways in the Klang Valley for transparency purposes. Nama je finance minister milion bilion pon bole silap ...
Source: staronline - 🏆 4. / 75 Read more »

Govt to finance highway deal through RM6.2 bil bond issuance, says Guan EngFinance minister says the issuance of the bond comes at no cost to the federal government. FMTNews LimGuanEng Toll Bila kena bail out, baru ada kos. Sounds like we are paying the bill for the gomen.
Source: fmtoday - 🏆 5. / 72 Read more »

Want to compete? Prepare for digitalisation, finance minister tells SMEs | Malay MailKUALA LUMPUR, June 25 — Small and medium enterprises (SMEs) have to be prepared for digitalisation in order to be able to compete effectively in the challenging business environment with the rise of new technology. Finance Minister Lim Guan Eng said businesses that are unprepared were risked...
Source: malaymail - 🏆 1. / 86 Read more »