Government may extend highway concession periods by up to 30 years to prevent increase in toll rates
Unnamed sources told the publication that such a move had yet to be greenlit by the Cabinet, but if it does, an announcement could be made sometime in the second half of this year. “I was told the government is looking to raise it up to 30 years for all concessionaires,” one source was reported as saying.
“It is likely to be announced in the second half of the year,” the same source continued, adding that highway operators have already been notified by the government of the possible extension of their concession periods. Meanwhile, a second source who is reportedly close to a concessionaire said the possible extension was in the government’s interest to prevent toll rates from being hiked as well as to avoid paying compensation to highway operators.
A third source adds that longer concession periods could lead to a reduction in toll rates. “It is likely that the highway owners would need to reduce their toll rates in exchange for a longer concession period,” the source was quoted as saying. This has happened in the past, as back in January 2020, PLUS Malaysia
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Unity Government National Convention focuses on people, country's economyIt will then be followed by a session dubbed “Bicara Rakyat “ which i divided into three sessions namely Empowering the People's Economy, Building the Nation and Madani Malaysia. theSun thesundaily UnityGovernment BicaraRakyat MadaniMalaysia
Read more »
Government's priority is still nation building, says Wanita UmnoPETALING JAYA: Nation-building will be the focus of the unity government but party principles will not be overlooked, says Wanita Umno secretary Datuk Rosni Sohar.
Read more »
Muda, PBM say they will attend unity government conventionPETALING JAYA: The Malaysian United Democratic Alliance (Muda) says it has received an invitation to the unity government convention and will be attending the event.
Read more »
Unity Government Pemuda National Convention reveals five resolutionsKUALA LUMPUR, May 14 — The Unity Government Pemuda National Convention today launched ‘Tekad Pemuda Perpaduan’ based on the values of unanimity, togetherness, and...
Read more »
Anwar: I couldn’t form this government without Zahid’s dedicationKUALA LUMPUR, May 14 — Prime Minister Datuk Seri Anwar Ibrahim today thanked Umno president Datuk Seri Ahmad Zahid Hamidi for agreeing to work together with him in forming his...
Read more »
Unity Gov't National Convention proof of government's stability, strength: PMKUALA LUMPUR: The Unity Government National Convention 2023 here today is a clear indication that the Unity Government formed on the support on 19 political parties after the 15th general election (GE15) is stable, said Datuk Seri Anwar Ibrahim.
Read more »