LGE: Proposed takeover of four highways will see motorists paying less for toll
- 5 years ago
Finance Minister Lim Guan Eng said the government's proposed RM6.2bil takeover of four highway concessionaires will not do away with toll charges but see motorists paying less for toll.
Lim said that a study was conducted by a local financial institution before the takeover formula was presented and approved by the Cabinet in February this year.
He added that the formula will see the government saving at least RM5.3bil in compensation payments to the four concessionaires for not raising toll rates over a period of nine to 23 years.
Read more at https://www.thestar.com.my/news/nation/2019/07/09/lge-proposed-takeover-of-four-highways-will-see-motorists-paying-less-for-toll/
Lim said that a study was conducted by a local financial institution before the takeover formula was presented and approved by the Cabinet in February this year.
He added that the formula will see the government saving at least RM5.3bil in compensation payments to the four concessionaires for not raising toll rates over a period of nine to 23 years.
Read more at https://www.thestar.com.my/news/nation/2019/07/09/lge-proposed-takeover-of-four-highways-will-see-motorists-paying-less-for-toll/