Pakatan now says RM6.2 billion price tag for highway takeover not final

(Bernama) – Deputy Finance Minister Amiruddin Hamzah says the RM6.2 billion price tag for the takeover of four highway toll concessionaires in the Klang Valley is not final.

Speaking to reporters at the Islamic Finance Innofest 2019 here today, he said the government will carry out due diligence to determine the final value of the highways.

“If the due diligence process finds that the value is too low or too high… something must be done. The value is not final,” he said.

He added that the important thing is for the Pakatan Harapan government to fulfil its election manifesto pledge 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 four highways in the Klang Valley: Lebuhraya Damansara Puchong (LDP), Sistem Penyuraian Trafik KL Barat (SPRINT), Lebuhraya Shah Alam (Kesas) and the SMART Tunnel.

The proposal to take over the four highways was made to concessionaire Gamuda Bhd.

Yesterday, it was reported that the proposed takeover by the government had been put on hold for price evaluation.