Friday, July 4, 2008

Highway operators get RM2.9bil payout

Taken from Malaysiakini
Rahmah Ghazali | Jul 2, 08 6:00pm

The government has paid RM2.9 billion in compensation to several highway concessionaires for holding back their scheduled increase of toll rates.

Those compensated are the operators of the North-South Expressway (Plus Expressway Bhd or Plus), Damansara-Puchong Highway (Lingkaran Trans Kota Holdings Bhd or Litrak), Klang-Shah Alam Highway (Kesas Sdn Bhd) and KL-Karak Highway (MTD Capital Bhd).

Plus received RM2 billion, Litrak RM630 million, Kesas RM150 million and MTD RM98 million.

Replying Lim Lip Eng (DAP-Segambut), Deputy Works Minister Yok Khoon Seng said the government has not needed to compensate the concessionaires for the Cheras-Kajang Highway, New Pantai Expressway, Silk highway and the KL-Purajaya highway, as there as been no postponement of increase in toll rates.


Anonymous said...

Can we actually bring all Toll Operator ot Gov to court?

As we are the road users, a parties which affected by both parties above, could we use the court to form a judgement the above contract is against public and national interest, and therefore "nil and voil"

Loke, DAP DU

Khun Pana said...

Tolled highways are business entities.Why should the government uses our money to guarantees their profits.Afterall those are all private companies.
We Malaysians will not make much fuss if the said highways are owned by the EPF.
As EPF will make money and pay dividends to EPF account holders.

Buying up such highways is more logical.