The Ministry of Works will conduct a detailed investigation into the issue of 12 of the 33 highway concessions that suffered losses last year due to low traffic volume. Named. A thorough discussion is necessary as the case has significant financial implications for the country, said Labor Minister Datuk Seri Alexander Nanta Linggi.
“I cannot make a hasty statement as the financial implications are significant. Please be patient; only once we have investigated all the details will we be able to issue an official statement,” he said yesterday. Earlier, Deputy Works Minister Datuk Seri Ahmad Maslan said in the Dewan Rakyat that 12 toll concessionaires in Malaysia have suffered losses in 2024.
These include the Kuala Lumpur-Putrajaya Expressway (MEX), the Kuala Lumpur-Karak Highway (KLK) and the East Coast Expressway Phase 1 (LPT1), the Stormwater Management And Road Tunnel (SMART), the Kemuning-Shah Alam Highway (LKSA), the Sungai Besi-Ulu Klang Elevated Expressway (SUKE) and the Damansara-Shah Alam Elevated Expressway (DASH).
Also on the list were the Senai-Desaru Expressway (SDE), the South Klang Valley Expressway (SKVE), the Setiawangsa-Pantai Expressway (SPE), the Kajang-Seremban Highway (LEKAS), the West Coast Expressway (WCE) and the Butterworth Outer Ring Road (BORR).
“Anyone proposing new highways must carefully calculate traffic and financial projections. If the traffic volume is insufficient, revenues will not cover operating costs, and ultimately the government will have to bear the losses in taking over the concession,” Ahmad Maslan said in response to Wangsa Maju MP Zahir Hassan, who asked about the performance of toll concessions.
Do you want to sell your car? Sell it with Auto.
#Ministry #Works #review #issue #highway #concessionaires #registering #losses #Nanta #paultan.org