The federal government has agreed to defer scheduled toll fare will increase at three highways to subsequent 12 months. This was revealed by works minister Datuk Seri Fadillah Yusof, reported by Malaysiakini.
The three highways concessionaires that have been supposed to boost toll fares from January 1 this 12 months are the Shah Alam Expressway (Kesas), South Klang Valley Expressway (SKVE) and the East Coast Freeway Part 2 (LPT2). The senior minister mentioned that the cupboard selected the deferment after contemplating the rise in dwelling price as a result of Covid-19 pandemic.
In the meantime, the federal government additionally determined to increase the deferment for toll fare hikes at 21 highways, together with the North South Freeway (Plus), Duta-Ulu Kelang Expressway (Duke), Damansara-Puchong Freeway (LDP) and the Kl-Putrajaya Freeway (MEX).
Fadillah revealed that the federal government will bear compensation of RM2.25 billion following the choice to keep up toll fares. “The estimated compensation relies on the formulation that was set within the concession settlement and the precise compensation quantity shall be decided after the site visitors verification course of carried out by the Malaysian Freeway Authority (LLM),” he mentioned in an announcement.
