The abolition of toll fare assortment on highways would have vital implications for the nation’s monetary place, as proposals to abolish toll assortment within the nation would want the federal government to compensate freeway concession firms greater than RM450 billion, mentioned deputy works minister Datuk Seri Ahmad Maslan, reported Bernama.
“The [estimated cost] in 2019 to abolish tolls would require us to pay compensation to freeway concessionaires over RM400 billion. The estimated price now absolutely has elevated, [and] I estimate it’s round RM450 billion,” the deputy works minister mentioned.
“We all know that the nationwide finances is round RM388 billion yearly, [so] if we need to abolish tolls with a worth of RM450 billion inside that one 12 months interval, we received’t have salaries to offer for different functions. I don’t see tolls being abolished,” he added.
The Malaysian authorities is spending RM20 million a day for funds to freeway concessionaires on the availability of toll-free freeway journey throughout festive celebrations, Ahmad Maslan added.
Final month, prime minister Datuk Seri Anwar Ibrahim mentioned that toll concessions for highways round Kuala Lumpur could be renegotiated as soon as the nation’s monetary state of affairs improves, agreeing to an announcement that there have been too many toll plazas on highways across the nation’s capital.
Earlier, amendments involving 16 clauses within the Freeway Authority Malaysia (Incorporation) Act 1980 aimed to enhance the capabilities and powers of the Malaysian Freeway Authority (LLM) along with strengthening its position as a steady, environment friendly and efficient regulatory physique consistent with the federal government’s aspirations, the deputy works minister mentioned wne tabling the second studying of the invoice.
The modification to the act wouldn’t have any monetary implication for the federal government or any improve in toll charges agreed upon within the settlement between the federal government and the freeway concession firms, he added. The invoice was handed with extra votes in favour, after 12 authorities and opposition members of parliament took half in a debate session, Bernama reported.
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