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KUALA LUMPUR – The proposed restructuring of four highway concessionaires in the Klang Valley will save the government at least RM4.3 billion in toll subsidies, which can then be spent on other critical, more pressing development expenditure and basic infrastructure in the country.
Gamuda Bhd deputy group managing director Mohammed Rashdan Mohd Yusof said these valuable savings can then be further spent on other crucial, more urgent development expenditure and basic infrastructure for the wellbeing of Keluarga Malaysia as the government deems fit.
“It can be channelled to further benefit the wider rakyat and Keluarga Malaysia as a whole,” he said in a statement.
He explained that Gamuda is still considering and deliberating the offer from Amanat Lebuhraya Rakyat Bhd (ALR), and would announce its decision on ALR’s offer immediately after the board has made a decision on it.
“The toll industry has been in a quagmire for quite some time, trying to find a suitable solution to alleviate the government’s burden of paying toll subsidy annually. Solving this quagmire has been very difficult indeed, up until yesterday that is,” he added. – Bernama, April 5, 2022