Prime Minister Datuk Seri Najib Abdul Razak revealed that the Malaysian government has given highway concessionaires a total of RM1.51 billion in soft loans through years 2000 and 2014.
According to The Sun Daily, the PM said that the precise figure was RM1,505,812,592. “Usually, the government soft loans were given to highway projects that have high social impact and competitive value to finance part of the capital expenditure,” Najib said, keeping his response brief.
His comments were prompted by member of parliament Rafizi Ramli, who asked Najib to reveal the government’s full financial assistance to highway concessionaires within the mentioned time. The topic is a hot one at the moment, with Putrajaya still in discussions as to whether it should allow a toll rate hike again this year.
It was recently reported that if toll rates are not increased in 2016, the government would have to compensate highway concessionaires with up to RM1 billion in exchange. Works minister Datuk Seri Fadillah Yusof confirmed the news last week.
“They have to maintain and service the road, they also have to upgrade the staff in their departments,” Fadillah explained. “Wait for the legislation, we are still negotiating the matter. We have to balance all aspects and that depends on the government’s income,” he said.
tax we giving to gov is more that 1.5bils
shit happened..
Why not give it to my company?
Some people even have difficulty to make 2.6K monthly
Malaysia is such a rich country. Infact, we are the most resource rich country in the world. We are far richer than even Singapore which has ZERO resources.
To be honest, if there was no stealing, Malaysians can enjoy toll free roads. The problem is that, too many cronies are stealing. The wealth is not evenly distributed. now, they are stealing in the billions each (not millions)
Not that users don’t pay tolls? Rakyat pay tolls and tax at same time BUT why “Tax payers” money wasted again??? Rakyat keep on suffering and WHY Government still pampered and feed the wealthy Rich AP system owners???
Each and every toll concessionaire is an UMNO member and thus a crony. Free money for them
Soft loans given to toll operators & after they increase toll rates.
So generous with the people’s money.
Just shut the f*** up jibby
said by najib, trust is like eraser getting smaller and smaller after mistake.
Dont understand, gov give them soft loan to make highways and gov hv to pay them if not allow toll hikes!
very good! Give low interest loan with our tax money and on top of that charge us toll which instead of being reduced, is always increasing! i also want to be a toll concessionaire!
This will never end… Rakyat pay tolls and Government use “tax payer money” to AP system owners. Is it double pay??? Government keep using “tax payers money” as it their own, where’s transparency when you need one !!! Rakyat please wakeup, we suffer enough to be lie all the time !!!
Yeah…. soft loans vs hard life of the rakyat…
i tot rm2.6
who sign the stupid contract?
The all new and improved but still the same familiar feeling de-facto opposition leader, Bersih patron, and still THE BOSS OF PROTOOONNNN!!!! TuuuuunnnnnNNNNN ……
thanks for umno for signing this toll concesionnaire agreements. umno is a plague on malaysia. then, now, and forever.
Show us how much is spent on road maintenance every year by the concessionaires.Show us how much profit they are raking in annually from toll collection alone. We need to demand for answers as it involves our livelihood. Time is over for Malaysians to be timid and just let the G push us around.
Subsidies are only paid by the government to the concessionaires when the toll collection is lower than anticipated over the period of the concession. Please tell us which highway in Malaysia is not making profit.
the rakyat getting fu@ked left right up down back front every minute of the day of the year….
million thanks to those dunggu who voted the BN.
It’s votes from Sarawak la. BN fixed deposit.
Projek IC. Controlled media. Not enough education. Prob can’t even view paultan, don’t even have running water.
Kasi naik la tol rate tu.. but they have to agree G shall never need to pay any compensation for whatever reasons. Or give them soft loan anymore.
Updated donation is 4.2.
Why not use these amt to pay?
upgrade the staff in their departments
what staff?… Aren’t we already almost 50-60% using TnG and SmartTag… WTF are you talking about upgrade?.
Those human needs some firmware update?….what a joke.