No More Toll Hikes For LDP, SMART, SPRINT and KESAS
Klang Valley Highways will not see any toll rate hikes thanks to a new government move.
The Malaysian government has just announced that there will be no more increases in toll rates for several highways in the Klang Valley. This includes the LDP, SMART, SPRINT and KESAS highways. This follows last year’s decision to stay the toll rate hikes for certain highways temporarily.
The Prime Minister Ismail Sabri said that the government has agreed to restructure the toll concessions for these highways so that existing toll rates remain at their current level until each concession period ends.
This restructuring will also save the government some RM4.3 billion on compensation, as the usual compensation that the government must pay has been reworked. The PM said that this new deal was made to ensure that Malaysian families are not burdened. He added that the savings the government has made can be use to improve the infrastructure of the country. In addition, the government did not have to spend a single cent to come to this new deal.
In a press statement in Bahasa Malaysia, Works Minister and Petra Jaya MP Fadillah Yusof explained the mechanism of this deal between the highway concessionaires and the government. The full press statement can be found on this tweet by the Minister. We could not find it on the official website, which was slow and poorly laid out.
A private company named Amanat Lebuhraya Rakyat Berhad (ALR), chaired by Tan Sri Azlan Mohd Zainol, offered to buy all four concessionaires. The highways will be restructured and will no longer be operated for the profit of shareholders. KWSP, KWAP, PNBM and Lembaga Tabung Haji are amongst the current shareholders of these highways and will receive the returns on their investment earlier than projected. ALR has also agreed to absorb all existing employees from all four highway operators, ensuring no job losses as a result of this transaction.
About KESAS
The Lebuh Raya Shah Alam serves as a major inter-urban expressway connecting the major industrial and residential areas within the Klang Valley namely, Kuala Lumpur, Cheras, Petaling Jaya, Subang Jaya, Shah Alam and Klang, terminating at the access road to Westport. The ultra modern 34.5 km fully lit six lanes Lebuh Raya Shah Alam stretches from the Sri Petaling interchange in Kuala Lumpur to the Pandamaran interchange in Klang and is managed by KESAS Sdn. Bhd.
About SPRINT
SPRINT Highway is a Government project privatised through a Build, Operate and Transfer (BOT) contract agreement awarded to Sistem Penyuraian Trafik KL Barat Sdn Bhd. SPRINT Highway is a 26.5 km, 6-lane dual carriageway free-flow highway with three much-needed links to ease congestion in the west of Kuala Lumpur.
About SMART
SMART is an acronym for Stormwater Management and Road Tunnel, a project under the Federal Government initiated to alleviate the flooding problem in the city centre of Kuala Lumpur. The project is implemented through a joint venture pact between MMC Corp Berhad and Gamuda Berhad with the Department of Irrigation And Drainage Malaysia and the Malaysian Highway Authority as the executing government agencies.
About LDP
The Damansara-Puchong Expressway or Lebuhraya Damansara-Puchong, LDP, is a major expressway in Klang Valley that links major townships in Damansara and Puchong and decreases travel time between these 2 locations.
About the Author
Subhash Nair Written work on dsf.my. @subhashtag on instagram. Autophiles Malaysia on Youtube.
Related Posts
smart #5 Concept Looks #Larger And More #Ridiculous Than Its Siblings →
Smart Mobility Opens A New 3S Centre At Mutiara Damansara →
Avis Malaysia Offers Electric Vehicles for Eco-Friendly Hari Raya Aidilfitri Holidays →
