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Due diligence will determine final value of toll highways

Syndicated News
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KUALA LUMPUR — Aug. 1, 2019: The final value of the four toll highway concessions in the Klang Valley will be determined after a due diligence. The tentative offer from the government is RM6.2 billion.

Regardless of the final value, Deputy Finance Minister Datuk Amiruddin Hamzah said what is important for the Pakatan Harapan government is to fulfil its election promise of reducing and eliminating tolls.

“The bottom line is that we hope it will have a positive impact on road users and it will not burden the government financially,” he said.

In June the finance ministry issued an official offer to take over Lebuhraya Damansara Puchong, Sistem Penyuraian Trafik KL Barat, Lebuhraya Shah Alam and the Smart Tunnel from concessionaire Gamuda Berhad.

Yesterday, it was reported that the proposed takeover has been put on hold for pending a price evaluation.

At an event today Amiruddin launched a report titled “Harnessing Value-based Intermediation: The Role of Development Financial Institutions”.

“The financial sector, regulators, policymakers and consumers would benefit from the findings of this report and use it as reference for a comprehensive overview on sustainable financing and hoping that this report could guide them towards a more sustainable and inclusive financial sector,” said Amiruddin. — Bernama

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Syndicated News

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