The ministry said concessionaires cannot arbitrarily add on new debts as enshrined in the New Agreement involving the recent restructuring of the four concessionaires."If this restructuring is not allowed in order that the government can save on compensation, then the toll rate increase has to be given, which will then cause a chain reaction where the cost of goods will increase as well," it said in a statement on Saturday .
In the same statement, the ministry also clarified on the alleged fixed cost for the construction and maintenance of the highways and extension of the concession period which has always been worrisome to consumers. The statement also clarified that the extension of the concession period was given only as an indicator to assure Sukuk holders that their investment would be repaid.
For many it’s been a “lifetime”! Anyways if this is the same PetraJayaMP that ignored my complaints regarding Ekovest who during DUKE2 construction spilled concrete onto the roof of my car - it’s obvious why.
They only exist while baby boomers are still alive
It will just last 10 lifetimes ... More than enough to feed the concessionaires until year 3030
It's not about forever. It's about no extention from the current timeliness.
Unlike the money in my wallet, highway tolls seem to stay forever.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Enhanced Touch ‘n Go card with eWallet reload leaked, here’s how it works | Malay MailAPRIL 9 — Touch ‘n Go (TNG) has been promising to launch a new TNG card feature that will allow reloads via smartphones. Despite rolling out Touch ‘n Go eWallet, the physical card is still widely used for toll payments, parking, and public transport, and you still need to perform...
Source: malaymail - 🏆 1. / 86 Read more »
Enhanced Touch 'n Go card with eWallet reload leaked, here's how it works - SoyaCincautouchngo is expected to release its Enhanced TNG card very soon which allows a more convenient reload experience using your NFC-enabled iPhone/Android. It appears that you'll need to buy the new card for RM10. Just tap to reload via eWallet. Cc dinmesjid Does this mean we can add card to Apple Wallet soon? 👀 MyTouchnGo bring it in. My body is shaking already.
Source: Soya_Cincau - 🏆 16. / 55 Read more »
New lithium technology can help the world go green -- if it works(Reuters) - Rio Tinto, General Motors and even the U.S. Energy Department are investing heavily in a crop of newer technologies that could revolutionize the way lithium is produced for electric vehicle batteries.
Source: staronline - 🏆 4. / 75 Read more »
ALR clarifies role in toll restructuring for 4 Klang Valley highwaysCompany says shareholders not entitled to dividends.
Source: malaysiakini - 🏆 20. / 51 Read more »
Fomca blasts regulators for allowing high interest rates for TNG loans | The Malaysian InsightFinance Ministry, Bank Negara Malaysia have shown no regard for consumer welfare, says association head.
Source: msianinsight - 🏆 8. / 63 Read more »
Deputy minister: Domestic Trade Ministry working to improve subsidy distribution mechanism, reduce leakage | Malay MailTAWAU, April 9 — The Domestic Trade and Consumer Affairs Ministry (KPDNHEP) is working to improve the subsidy distribution mechanism while looking into other alternatives to reduce leakage. Its deputy minister Datuk Rosol Wahid said the ministry received information through social media that...
Source: malaymail - 🏆 1. / 86 Read more »