The federal government, by way of the Minister of Finance Inc (MOF Inc), has made a RM6.2 billion supply to take over the operators of the Lebuhraya Damansara Puchong (LDP), Sistem Penyuraian Trafik KL Barat (Dash), Lebuhraya Shah Alam (Kesas) and the Good Tunnel, The Star reported, based mostly on filings to Bursa Malaysia. The 4 toll concessionaires are all linked to Gamuda Bhd.
This plan was first talked about in February, when the prime minister’s workplace famous that Pakatan Harapan has promised in its election manifesto to take steps to accumulate freeway concessions and abolish toll assortment in phases, in accordance to the phrases of the concession settlement. That is to alleviate the excessive value of residing for metropolis commuters.
It stated then that as a primary step, the federal government will speak to Gamuda to barter the acquisition of freeway concessions wherein the corporate has a majority stake, that are the LDP, Dash, Kesas and Good Tunnel. Upon profitable takeover of the highways, the federal government intends to abolish the prevailing toll mechanism, the assertion stated.
In as we speak’s submitting with Bursa, Litrak, the operator of the LDP, stated it has obtained a RM2.47 billion take over supply from the federal government. The corporate additionally stated the federal government has provided to purchase its 50% owned affiliate firm Dash for RM1.984 billion.
The take over gives can be undertaken by a particular function firm wholly owned by MOF Inc, which is concurrently making comparable gives to accumulate Kesas and the Good Tunnel. Gamuda’s stakes in Litrak, Dash, Kesas and Good are 44%, 52%, 70% and 50%, respectively.
So, no extra toll within the close to future? Unlikely. In February, the federal government proposed a ‘congestion cost’ system the place commuters pays what’s equal to the prevailing toll costs for six hours of ‘peak interval’ a day. Within the proposal, throughout the ‘off-peak’ interval between 11pm and 5am, commuters can journey on the highways without cost, whereas charges for ‘regular’ hours can be discounted by as much as 30% in comparison with as we speak’s fares.
The income collected from the congestion cost will go in the direction of the operations and upkeep of the highways and reimbursement of borrowings, and any surplus collected can be channeled right into a public transportation fund to enhance the standard of public transport, the assertion stated.
Then, transport minister Anthony Loke defined that the congestion cost is to unfold out site visitors. “The congestion cost is imposed throughout the morning, throughout peak hours – on the similar fee. What we are attempting to encourage is for individuals to unfold out site visitors,” he stated, including that congestion costs was already practised in different international locations.
The submit Govt gives RM6.2 billion to take over LDP, Dash, Kesas and Good Tunnel highways – no extra toll? appeared first on Paul Tan’s Automotive Information.