According to a report by The Star, the government has paid RM1.325 billion to Malaysian Resources Corporation Bhd (MRCB) as settlement for ending the concession for the Eastern Dispersal Link Expressway (EDL) in Johor.

The payment was received by MRCB via its wholly-owned subsidiary, MRCB Lingkaran Selatan Sdn Bhd, with company chief financial officer Ann Wan Tee saying the payment marked the end of the non-core asset rationalisation programme in relation to MRCB’s corporate transformation.

“We would like to thank the government for the speedy conclusion of negotiations and the payment of the RM1.325bil settlement sum, which considerably strengthens the company’s balance sheet,” said Ann.

On January 1 this year, toll collection ended at four locations, including PLUS Batu Tiga and Sungau Rasau in Selangor, as well as Bukit Kayu Hitam in Kedah. This was in line with what was announced by then prime minister Datuk Seri Najib Tun Razak in Budget 2018.