The Works Ministry says highway construction was done using funds obtained by concessionnaires through loans or the issuance of sukuk, which must be repaid through toll collection, while the operating costs and maintenance are covered through toll collection. – Gamuda handout pic, April 9, 2022.
CLAIMS that highway users will be paying toll indefinitely following the restructuring of four companies with an extension of the concession period are untrue, according to the Works Ministry. The ministry in a statement today said concessionaires cannot arbitrarily add n new debts as enshrined in the new agreement involving the recent restructuring of the four concessionaires.
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Unlike diamonds, highway tolls aren't forever, says Works MinistryKUALA LUMPUR: Claims that highway users will be paying toll indefinitely following the restructuring of four companies with an extension of the concession period are untrue, says the Works Ministry. Unlike the money in my wallet, highway tolls seem to stay forever. It's not about forever. It's about no extention from the current timeliness. It will just last 10 lifetimes ... More than enough to feed the concessionaires until year 3030
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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.
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Unlike diamonds, highway tolls aren't forever, says Works MinistryKUALA LUMPUR: Claims that highway users will be paying toll indefinitely following the restructuring of four companies with an extension of the concession period are untrue, says the Works Ministry. Unlike the money in my wallet, highway tolls seem to stay forever. It's not about forever. It's about no extention from the current timeliness. It will just last 10 lifetimes ... More than enough to feed the concessionaires until year 3030
Source: staronline - 🏆 4. / 75 Read more »
Govt denies indefinite tolls after Klang Valley highway restructuringWorks Ministry says it will ensure users are not burdened. Talk is cheap How long will this Govt be around ?
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