KUALA LUMPUR, May 13 — The federal government is considering extending the concession periods of highway operators in the peninsula for up to 30 years to prevent future increases...
KUALA LUMPUR, May 13 — The federal government is considering extending the concession periods of highway operators in the peninsula for up to 30 years to prevent future increases in toll rates,Citing unnamed sources, the business paper reported that such a deal had yet to get Cabinet approval, but should it get the greenlight, could be announced in the second half of this year.“It is likely to be announced in the second half of the year,” one source was reported as saying.
Another source who is reportedly close to a concessionaire attributed the extension to the government’s interest in preventing a toll hike while avoiding paying compensation to highway operators.
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