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Topic: Smart Tunnel

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KUALA LUMPUR (Aug 1): The RM6.2 billion price tag that the government has offered to take over four toll highway concessions in the Klang Valley is not final, Deputy Finance Minister Datuk Ir Amiruddi...
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The RM6.2 billion price tag that the government has offered to take over four toll highway concessions in the Klang Valley is not final, Deputy Finance Minister  Amiruddin Hamzah said.
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PUTRAJAYA: The Cabinet has not decided on the date for the takeover of Gamuda Bhd’s four urban highways, says the Prime Minister.
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KUALA LUMPUR (Aug 1): The RM6.2 billion price tag that the government has offered to take over four toll highway concessions in the Klang Valley is not final, Deputy Finance Minister Datuk Ir Amiruddi...
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KUALA LUMPUR: Deputy Finance Minister Amiruddin Hamzah says the RM6.2 billion price tag for the takeover of four highway toll concessionaires in the Klang Valley is not final.
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The Malaysian government’s proposed RM6.2 billion takeover of four highway concessionaires has been paused for a re-examination of the offered price, according to government sources.
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A Finance Ministry proposal to acquire four highways in the Klang Valley was "on hold pending a full review", according to an unnamed minister cited by Straits Times.
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KUALA LUMPUR (July 9): The takeover of four highway concessions by the government and introduction of a congestion charge to replace the current toll system would save users up to RM2 billion, says t...
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KUALA LUMPUR (July 9): Finance Minister Lim Guan Eng says today the government plans to implement the highway congestion charge on Jan 1, 2020 if the Cabinet approves the move.
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The government’s proposed RM6.2 billion takeover of four highway concessionaires will not see motorists be free of toll, but we’ll be paying less, according to Lim Guan Eng, reported by The Star.
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KUALA LUMPUR (July 9): Finance Minister Lim Guan Eng says today the government plans to implement the highway congestion charge on Jan 1, 2020 if the Cabinet approves the move.
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KUALA LUMPUR, July 9 — The takeover of four highway concessions by the government and introduction of a congestion charge to replace the current toll system will save users up to RM2 billion, says t...
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PETALING JAYA: The Consumers’ Association of Penang (CAP) has urged the government not to approve an offer by the finance ministry (MoF) to buy four highways from construction giant Gamuda, saying i...
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Gamuda’s board of directors has voted to accept the government’s offer to acquire four highway concession companies linked to the group.
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KUALA LUMPUR, June 28 ― Intracity highway users here would have to pay between 25 and 66 per cent more in tolls if the Finance Ministry does not buy out four concessionaires in the Greater Klang Val...
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KUALA LUMPUR: A deputy minister today defended Putrajaya’s plan to acquire four highways, saying it would prevent an increase in toll rates at no cost to the government.
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PETALING JAYA: It is more rational to buy over four highways using RM6.2bil worth of bonds funded from the collection of congestion fees though the concessions for the highways end within 23 years, sa...
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PETALING JAYA: Former prime minister Najib Razak today questioned the logic of imposing congestion charges for the SMART Tunnel and making the route toll-free only at night.
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PETALING JAYA: It is more rational to buy over four highways using RM6.2bil worth of bonds funded from the collection of congestion fees though the concessions for the highways end within 23 years, says Finance Minister Lim Guan Eng.
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PETALING JAYA (June 26): The country’s largest expressway service provider, PLUS Malaysia Bhd (PLUS) is willing to review the concession agreements should the government want to take over PLUS opera...
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Highway concessionaire PLUS says it is willing to review the concession agreements should the government want to take over PLUS-operated tolled highways.
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KUALA LUMPUR (June 26): The Government would need to pay RM18 billion compensation to abolish tolls along the four intra-Klang Valley highways owned by Gamuda Bhd if the Minister of Finance Inc (MoF I...
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SEREMBAN: The Finance Ministry must specifically state the cost to take over four tolled highways in the Klang Valley for transparency purposes.
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PETALING JAYA: The country’s largest expressway service provider, PLUS Malaysia Bhd (PLUS) is willing to review the concession agreements should the government want to take over PLUS operated toll h...
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The country’s largest expressway service provider, Plus Malaysia Bhd is willing to review the concession agreements should the government want to take over Plus operated toll highways.
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PETALING JAYA, June 25 — The country’s largest expressway service provider, PLUS Malaysia Bhd (PLUS) is willing to review the concession agreements should the government want to take over PLUS ...
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KUALA LUMPUR, June 25 — Former works minister Datuk Seri Fadillah Yusof has raised the question on whether or not Finance Minister Lim Guan Eng had referred to the Cabinet before announcing the RM6....
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Following reports on Friday revealing that the government has made a RM6.2 billion offer to take over the operators of the Lebuhraya Damansara Puchong (LDP), Sistem Penyuraian Trafik KL Barat (Sprint)...
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Following the report that the Malaysian government will take over four major highways in the Klang Valley, the Ministry of Finance has issued a statement which elaborated its new highway congestion ch...
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KUALA LUMPUR, June 24 — Gamuda Bhd’s cash position will be significantly enhanced, providing significant liquidity to its asset profile, upon successful acquisition of its four tolls by the Fina...
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Finance Minister Lim Guan Eng claims that the take over of four major highways in the Klang Valley would save the taxpayers RM5.3 billion in compensation to the concessionaires, according to The Star.
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KUALA LUMPUR: In just a year, Gamuda Bhd has divested its cash generative concession business, namely its 40% equity stake in water treatment firm Syarikat Pengeluar Air Sungai Selangor (SPLASH), and ...
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KUALA LUMPUR: RHB Research Institute is positive on the Ministry of Finance’s (MoF) RM6.2bil offer to buy out four tolled highways after four months of negotiations.
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PETALING JAYA: Following the Government’s bid to acquire four highway concessionaires, MCA asks if Pakatan Harapan will honour its promise of abolishing all toll charges made in the run up to the 14th General Election.
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PETALING JAYA: MCA has asked if the Pakatan Harapan Government will honour its promise of abolishing all toll charges made in the run up to the 14th General Election.
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PETALING JAYA: Any takeover of toll highway concessionaires will only be approved by the Cabinet after it studies the proposals of the Works Ministry next month, says Works Minister Baru Bian.
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PETALING JAYA: The government has indeed made a RM6.2bil bid to take over four highway concessionaires – a deal that would save taxpayers RM5.3bil in compensation to the concessionaires, says Financ...
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PETALING JAYA: The government will only take over highway concessions if Cabinet approves, says Works Minister Baru Bian.
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PETALING JAYA: Motorists could save RM180 million per annum when the government acquires four highway concessionaires by the end of this year but they will still pay a congestion charge, Finance Minis...
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PETALING JAYA: The government has indeed made a RM6.2bil bid to take over four highway concessionaires – a deal that would save taxpayers RM5.3bil in the form of compensation to the concessionaires, says Finance Minister Lim Guan Eng.
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MP SPEAKS | On Feb 23, 2019, Prime Minister Dr Mahathir Mohamad announced the proposed acquisition of four highway concessions in which Gamuda Berhad (Gamuda) has a significant stake.
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KUALA LUMPUR, June 22 ― Putrajaya will save RM5.3 billion by acquiring four tolled roads in the Klang Valley in which Gamuda Berhad (Gamuda) is the majority shareholder, Lim Guan Eng said today.
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KUALA LUMPUR (June 22): Putrajaya is offering to take over the four toll highways owned by Gamuda Bhd and Lingkaran Trans Kota Holdings Bhd (Litrak Holdings) for RM4.5 billion cash.
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The government, via the Minister of Finance Inc (MOF Inc), has made a RM6.2 billion offer to take over the operators of the Lebuhraya Damansara Puchong (LDP), Sistem Penyuraian Trafik KL Barat (Sprint...
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PETALING JAYA: The government is offering to buy over four toll highway concessionaires in the Klang Valley for RM6.2 billion.
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PETALING JAYA (June 18): The Malaysian Highway Authority said highway maintenance will not be a problem, if the government decided to take over certain highways.
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PUTRAJAYA (May 27): Prime Minister Tun Dr Mahathir Mohamad said that there has yet to be a decision made on reducing toll rates in the country.
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PUTRAJAYA: Prime Minister Dr Mahathir Mohamad said today that the billions needed to buy over toll concessions could be better used to help offset the national debt.
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PUTRAJAYA (May 27): Prime Minister Tun Dr Mahathir Mohamad said that there has yet to be a decision made on reducing toll rates in the country.
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The public pilot programme for the Touch n Go (TnG) radio-frequency identification (RFID) system is set to be extended.
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KUALA LUMPUR: The Radio Frequency Identification Technology (RFID) pilot project at toll plazas has to be extended as there are flaws in the system that need to be improved before it can be officially...
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KUALA LUMPUR: The Radio Frequency Identification Technology (RFID) pilot project at toll plazas has to be delayed as there are flaws in the system that need to be improved before it can be officially ...
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KUALA LUMPUR: The congestion charge the government said it would introduce for four tolled highways is only a proposal which it will consider, said Works Minister Baru Bian.
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While RFID is a contactless way to pay for toll charges, Touch ‘n Go had recently introduced a PayDirect feature which allows you to pay using your eWallet balance when you tap your physical TNG Car...
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PETALING JAYA: Negotiations between the government and Gamuda Bhd to take over four tolled highways – Damansara-Puchong Highway (LDP), Sprint Highway, Kesas Highway and Smart Tunnel – are already at the advanced stages, Maybank Investment Research said in a report.
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KUALA LUMPUR (March 6): Khazanah Nasional Bhd leaves it to PLUS Expressway Bhd to handle the discussions on the proposed acquisition of tolled expressways by the government.
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KUALA LUMPUR, March 5 — Khazanah Nasional Bhd leaves it to PLUS Expressway Bhd to handle the discussions on the proposed acquisition of tolled expressways by the government.
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Khazanah Nasional Bhd will be leaving it to Plus Expressway Bhd to handle the discussions on the proposed acquisition of tolled expressways by the government.
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KUALA LUMPUR: Khazanah Nasional Bhd will leave it to PLUS Expressway Bhd to handle discussions on the proposed acquisition of tolled expressways by the government.
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KUALA LUMPUR: RAM Rating Services Berhad (Ram Rating) said today national debt will worsen if the government proceeds to acquire four toll concessionaires as this was not budgeted for earlier.
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KUALA LUMPUR (March 1): RAM Rating Services Berhad (RAM Rating) believes the Government of Malaysia’s (GoM) will strike a balance between its toll-abolition plans and the potential implications for ...
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CYBERJAYA: A study on the proposal to take over other toll concession companies throughout the country is expected to be completed in two to three months, according to Finance Minister Lim Guan Eng.
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CYBERJAYA (March 1): A study on the proposal to take over other toll concession companies throughout the country is expected to be completed in two to three months, says Finance Minister Lim Guan Eng.
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A study on the government proposal to take over more toll concession companies is expected to be completed in two to three months.
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CYBERJAYA, March 1 ― A study on the proposal to take over other toll concession companies throughout the country is expected to be completed in two to three months, says Finance Minister Lim Guan En...
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CYBERJAYA: Finance Minister Lim Guan Eng says the Inland Revenue Board (LHDN) will revise the tax collection target to more than RM150 billion for 2019, above the RM147 billion set out in this year’...
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Following the recent statement by the Ministry of Finance on the proposed takeover of four tolled highways, initial projections estimate that commuters will save up to RM 180 million per year with the...
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Here’s more on the government’s proposal to acquire highway concessions and abolish toll collection in stages, replacing it with a congestion charge model.
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PETALING JAYA: In an apparent dig at the government over the proposed takeover of four highway concessions, MCA today asked if Putrajaya was planning to introduce congestion charges on the toll-free F...
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SPRINT is one of four tolled roads under Gamuda that will be taken over by the government.
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KUALA LUMPUR (Feb 26): The acquisition of four existing highways from Gamuda Bhd will save the government RM5.3 billion  from having to pay compensation to the toll concessionaire as toll rate hikes ...
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You would have by now heard about the government’s proposal to acquire highway concessions and abolish toll collection in stages, starting with highways which Gamuda Berhad has a stake in such as th...
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The government's proposal to replace toll charges at four major highways with a congestion charge will save taxpayers billions compared to freezing toll rates under the current system.
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KUALA LUMPUR: Former prime minister Najib Razak on Tuesday (Feb 26) apologised for insensitive remarks against highway users at night, as well as the lesbian, gay, bisexual and transgender (LGBT) comm...
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PUTRAJAYA: Finance Minister Lim Guan Eng today defended Putrajaya’s proposed acquisition of four highways, saying it would benefit all stakeholders.
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KUALA LUMPUR (Feb 26): The acquisition of four existing highways from Gamuda Bhd will save the government RM5.3 billion from having to pay compensation to the toll concessionaire as toll rate hikes wi...
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KUALA LUMPUR, Feb 26 — Former prime minister Datuk Seri Najib Razak claimed today he was repeating phrases from the audience when he made remarks viewed as demeaning to the lesbian, gay, bisexual, a...
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Gamuda Bhd said it will ensure the government's bid to take over its highway concessions will be based on market valuation norms and practices.
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KUALA LUMPUR (Feb 26): Shares of Gamuda Bhd regained some lost ground this morning after the company said it would ensure any takeover of its highway concessions is in line with "market valuation norm...
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KUALA LUMPUR (Feb 26): The Government’s plan to abolish highway tolls in Malaysia is a good step to reduce the cost of living, but it must not affect the development of other infrastructure projects...
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KUALA LUMPUR (Feb 26): Gamuda Bhd has pledged to ensure that any takeover of its highway concessions is in line with “market valuation norms and practices”.
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KUALA LUMPUR (Feb 26): Shares of Gamuda Bhd regained some lost ground this morning after the company said it would ensure any takeover of its highway concessions is in line with "market valuation norm...
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PETALING JAYA: The move to introduce a “congestion charge” on highways can help to redistribute traffic flow from peak periods to non-peak hours.
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SEMENYIH: Former prime minister Najib Razak has poked fun at the Pakatan Harapan (PH) government over its plan to replace toll collection along four highways with congestion charges, saying no one wil...
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KUALA LUMPUR: Gamuda Bhd has pledged to ensure that any takeover of its highway concessions is in line with “market valuation norms and practices”.
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KUALA LUMPUR (Feb 25): The Government’s plan to abolish highway tolls in Malaysia is a good step to reduce the cost of living, but it must not affect the development of other infrastructure projects...
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PETALING JAYA: The move to introduce a “congestion charge” on highways can help to redistribute traffic flow from peak periods to non-peak hours.
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There was a big announcement by the government over the weekend, and it concerns most of us living and commuting in the Klang Valley.
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KUALA LUMPUR (Feb 25): Gamuda Bhd said today it will ensure that any takeover of its highway concessions is in line with "market valuation norms and practices".
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KLANG: Prime Minister Dr Mahathir Mohamad today defended Putrajaya’s announcement on the proposed takeover of highway concessions and the replacement of toll with “congestion charges”, saying ev...
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KLANG (Feb 25): Prime Minister Tun Dr Mahathir Mohamad today said the government is taking the initiative to fulfil its election promise to abolish toll collection in stages with the introduction of t...
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KLANG (Feb 25): Prime Minister Tun Dr Mahathir Mohamad today said the government is taking the initiative to fulfil its election promise to abolish toll collection in stages with the introduction of t...
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SEMENYIH, Feb 25 — The government is proposing to take over highway concessions in the country in stages and through the correct process, says Economic Affairs Minister Datuk Seri Mohamed Azmin Ali.
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SEMENYIH: The government is proposing to take over highway concessions in the country in stages and through the correct process, says Economic Affairs Minister Datuk Seri Mohamed Azmin Ali.
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SEMENYIH (Feb 25): The government is proposing to take over highway concessions in the country in stages and through the correct process, says Economic Affairs Minister Datuk Seri Mohamed Azmin Ali.
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KUALA LUMPUR (Feb 25): Economic Affairs Minister Datuk Seri Mohamed Azmin Ali (pictured) gave his assurance the government’s move to take over the concessions of four highways to reduce transportati...
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KUALA LUMPUR, Feb 25 — Shares of Gamuda Bhd dipped in early session today on news that the government has begun talks with the group to acquire four highway concessions it has a majority stake in, w...
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KUALA LUMPUR: The federal government’s plan to take over the tolled highways will be on a willing buyer-willing seller basis, according to CIMB Equities Research’s brief check with Gamuda Bhd.
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Compensation to companies will hinge on valuation method
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SEMENYIH: The takeover of the highway concessions will take quite some time as various aspects will have to be considered so that it will not have a negative impact on the national economy, said Econo...