Friday, October 30, 2009

Noh: More study needed on managing tolled highways

Source: (30/10/2009)
The Government is in its second stage of studying issues related to the managing of tolled highways, said Minister in the Prime Ministers Department Tan Sri Nor Mohamed Yakcop. These included profit and loss, performance of the concessionaires, highway traffic proposal and the impact of building tolled highways had on development along the economic corridors and its multiplying effects for the country’s economy, he said.
Nor said this in a written reply to Tan Kok Wai (DAP – Cheras) and Lim Lip Eng (DAP – Segambut) on the progress since the Govern-ment announced it would study the possibility of taking back the management of highways.
He said the study was being refined to ensure that the Government’s action could be implemented with minimal financial implications. It should also not disturb the market sentiment and long-term local and international investments, he added. “This thorough and deep study was important for finding the best long-term solution for all parties.”
At the same time, the Government had introduced two short-term solutions – not raising certain toll rates while introducing the 20% rebate to frequent Touch ‘n Go users, he said.

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