Budget 2020: govt to acquire Kesas, LDP, Sprint, Smart – tolls rates up to 30% less, free during off-peak hours

Budget 2020: govt to acquire Kesas, LDP, Sprint, Smart – tolls rates up to 30% less, free during off-peak hours

This just in. The government’s plan to takeover four highways in the Klang Valley has been given the green light during the tabling of Budget 2020. The move, which was initially put on hold since July, will see motorists enjoy toll savings of up to 30% during near-peak hours and free during off-peak hours. Exactly how this system will be implemented, as well as the cut-off times, will be announced soon.

The highways are Shah Alam Expressway (KESAS), Damansara-Puchong Expressway (LDP), Sprint Expressway (SPRINT) and SMART Tunnel (SMART). Finance minister Lim Guan Eng says the move will help those who use the highway save nearly RM180 million a year, or RM2 billion over the respective concession periods (between nine and 23 years).

During the initial announcement in July, Lim said the takeover would cost RM6.2 billion, but it will be financed through bond issuance, with congestion charges used to pay off the debt. The new congestion charge system is expected to be implemented on January 1, 2020.

Budget 2020: govt to acquire Kesas, LDP, Sprint, Smart – tolls rates up to 30% less, free during off-peak hours

He also said the government hopes to abolish the toll system altogether as promised in its manifesto, but added that nominal toll charges may still be imposed to cover operational and maintenance costs.

Similarly, PLUS Malaysia will offer a discount of 18% on toll charges beginning from 2020, potentially helping highway users save up to RM1.13 billon in 2020, and RM42 billion over the concession period which ends in 2038. Thoughts, guys?

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Matthew H Tong

An ardent believer that fun cars need not be fast and fast cars may not always be fun. Matt advocates the purity and simplicity of manually swapping cogs while coping in silence of its impending doom. Matt's not hot. Never hot.

 

Comments

  • Gomorrah on Oct 11, 2019 at 7:35 pm

    Kesas, LDP, Sprint, Smart takeover PLUS KWSP ,

    Like or Dislike: Thumb up 3 Thumb down 0
  • utusan.com.my on Oct 11, 2019 at 7:56 pm

    bajet, bajet…

    Like or Dislike: Thumb up 1 Thumb down 0
  • Already stop promoting RFID?

    Like or Dislike: Thumb up 0 Thumb down 0
  • Anything that is better than the current is an improvement, jadi silalah bersyukur.

    Like or Dislike: Thumb up 0 Thumb down 2
  • Civic Turbo 2018 on Oct 11, 2019 at 8:47 pm

    Is really not bad.

    Like or Dislike: Thumb up 1 Thumb down 2
  • Michael S on Oct 11, 2019 at 9:06 pm

    I don’t use any of these highways. So basically, I will be paying for someone else’s toll through my tax dollar. Lucky for you if you use those highways I guess…

    Like or Dislike: Thumb up 2 Thumb down 1
  • skodamalaysia on Oct 11, 2019 at 9:24 pm

    Lim said the takeover would cost RM6.2 billion, but why gov is buying just from gamuda? “Makan tidur” FYI kesas, ldp, sprint & smart is all under gamuda.

    Like or Dislike: Thumb up 0 Thumb down 0
  • Manifesto Dicapati on Oct 11, 2019 at 11:38 pm

    30% discount ≠ toll dimansuhkan as per Manifesto.

    Oh but they admitted Manifesto was just tipu janji to win votes.

    Like or Dislike: Thumb up 5 Thumb down 2
  • Daniel on Oct 12, 2019 at 12:10 am

    Thumbs-up!

    Like or Dislike: Thumb up 0 Thumb down 1
  • If the Floating price of ron 95 rate within the 18% discount toll rate…good…otherwise..still suffer

    Like or Dislike: Thumb up 0 Thumb down 0
  • AutoFrenz (the original) on Oct 12, 2019 at 9:11 am

    Free tol when…tipu issit

    Like or Dislike: Thumb up 14 Thumb down 5
    • Amran on Oct 13, 2019 at 10:19 pm

      Memang tipu laa… smue turun. padahal they call themself pakatan PH Price High… gv my vote to them, expect to go high. Tp skrg smue toll turun. Rakyat got lied… again, smue turunn..

      Like or Dislike: Thumb up 6 Thumb down 1
  • This is really a good start and improvement

    Like or Dislike: Thumb up 9 Thumb down 10
  • Not Toyota Fan on Oct 12, 2019 at 2:08 pm

    Off peak sure 0000(midnight) till 0500. Guna lah banyak banyak sebab free.

    Like or Dislike: Thumb up 4 Thumb down 1
  • Highway Takeover Offers on Oct 12, 2019 at 7:36 pm

    Besides PLUS and Gamuda Highway, IJM Highway will be the next about highway takeover offers

    Like or Dislike: Thumb up 3 Thumb down 0
  • john doe on Oct 13, 2019 at 4:46 pm

    LDP and Damansara tol is a con-man job from Day1.
    Just repair the road and put up tols.

    Like or Dislike: Thumb up 3 Thumb down 0
  • john doe on Oct 13, 2019 at 4:47 pm

    PLUS (NKVE) should remain private as we need the good services they are doing now.
    The quality of road repair, and the quick solving break down of lorries and cars, you dont want government taking over and make this a mess.

    Like or Dislike: Thumb up 4 Thumb down 0
  • Add A Comment on Oct 14, 2019 at 9:20 am

    At least some action…good to see that.

    Like or Dislike: Thumb up 1 Thumb down 1
 

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