Commuters to save lots of as much as RM180m a yr with change from present toll to congestion cost mannequin – LGE
Right here’s extra on the federal government’s proposal to accumulate freeway concessions and abolish toll assortment in levels, changing it with a congestion cost mannequin. The plan is to accumulate highways which Gamuda Berhad has a majority stake in – Lebuhraya Damansara Puchong (LDP), Sistem Penyuraian Trafik KL Barat (SPRINT), Lebuhraya Shah Alam (KESAS) and the SMART Tunnel.
Finance minister Lim Guan Eng mentioned yesterday that the federal government expects the acquisition train to take as much as six months to satisfy authorized, regulatory and monetary necessities, The Star stories. He added that preliminary projections estimate that commuters will save as a lot as RM180 million every year with the change from right now’s toll to the congestion cost mannequin.
The proposed takeover of the highways by the federal government is described as a win-win answer for all events – the federal government (which is spending taxpayers’ funds, let’s not overlook) and concrete commuters.
In response to the finance ministry, with this transfer, the federal government/taxpayers will save RM5.three billion in compensation to the toll concessionaires for a continued freeze on toll price hikes, which they’re legally entitled to. In December, Lim mentioned that the federal government should fork out RM972.75 million in compensation to 21 freeway concessionaires for them to not increase toll charges in 2019.
As for commuters, we may save as much as RM180 million per yr and revel in diminished site visitors jam throughout peak hours. This presumes part of motorists will journey outdoors of peak hours to save lots of on the congestion cost. Any surplus within the assortment (income collected from the congestion cost will go in direction of the operations and upkeep of the highways, and reimbursement of borrowings) goes in direction of the financing, improve and upkeep of our public transport system.
The 4 tolled highways have 48% market share of the city toll roads market (excluding PLUS) based mostly on income collected, so this is able to contain many city commuters. Right here’s a recap of the unique announcement by the PM’s workplace, and the main authorities figures urging calm and deflecting criticism of the plan.
The publish Commuters to save lots of as much as RM180m a yr with change from present toll to congestion cost mannequin – LGE Auto Reviews & New Cars on Paul Tan’s Automotive Information.