Non-profit company to take over highway concessionaires
KUALA LUMPUR: A new non-profit company, Amanat Lebuhraya Rakyat Bhd (ALR), will take over four concessionaires with highways in the Klang Valley. At a press conference, works minister Fadillah Yusof said ALR has offered to buy all four concession companies. Checks with the ministry revealed that the four companies had…
KUALA LUMPUR: A new non-profit company, Amanat Lebuhraya Rakyat Bhd (ALR), will take over four concessionaires with highways in the Klang Valley.
At a press conference, works minister Fadillah Yusof said ALR has offered to buy all four concession companies.
Checks with the ministry revealed that the four companies had agreed to this offer.
Earlier today, Prime Minister Ismail Sabri Yaakob announced that there will be no more increase in toll rates for the LDP, SMART, SPRINT and Kesas highways.
Ismail said the government has agreed to a proposal to restructure the toll concessions for these highways that will see the existing toll rates remain until the end of their respective concession periods. — Free Malaysia Today
MORE TO COME