Government may extend highway concession periods by up to 30 years to prevent increase in toll rates

Government may extend highway concession periods by up to 30 years to prevent increase in toll rates

To prevent future increases in toll rates, the government is considering extending the concession periods of highway operators by up to 30 years, according to the Malay Mail that referred a report by The Edge.

Unnamed sources told the publication that such a move had yet to be greenlit by the Cabinet, but if it does, an announcement could be made sometime in the second half of this year. “I was told the government is looking to raise it up to 30 years for all concessionaires,” one source was reported as saying.

“It is likely to be announced in the second half of the year,” the same source continued, adding that highway operators have already been notified by the government of the possible extension of their concession periods.

Meanwhile, a second source who is reportedly close to a concessionaire said the possible extension was in the government’s interest to prevent toll rates from being hiked as well as to avoid paying compensation to highway operators.

A third source adds that longer concession periods could lead to a reduction in toll rates. “It is likely that the highway owners would need to reduce their toll rates in exchange for a longer concession period,” the source was quoted as saying. This has happened in the past, as back in January 2020, PLUS Malaysia reduced its toll rates on its highways by 18% after its concession was extended another 20 years to 2058.

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Originating from the corporate world with a background in finance and economics, Gerard’s strong love for cars led him to take the plunge into the automotive media industry. It was only then did he realise that there are more things to a car than just horsepower count.

 

Comments

  • Ben Yap on May 15, 2023 at 11:08 am

    looks like 3 to 4 generations will have to pay toll.

    Like or Dislike: Thumb up 19 Thumb down 0
    • Civic Turbo 2018 on May 15, 2023 at 1:20 pm

      What to do… debt-trap signed
      by the “22y-22m” lejen

      Like or Dislike: Thumb up 15 Thumb down 8
      • Manifesto Dicapati on May 16, 2023 at 8:46 am

        “Bila jadi gomen kita akan mansuhkan semua toll”
        Janji dicapati?

        Like or Dislike: Thumb up 6 Thumb down 3
    • Germen Perpaduan on May 15, 2023 at 2:22 pm

      Operators..celebrate unto the 5th generation.

      Like or Dislike: Thumb up 8 Thumb down 0
  • AkooIm on May 15, 2023 at 11:16 am

    Extend the concession to another 100 years and give 75% toll discount…

    Win – win situation…

    Like or Dislike: Thumb up 27 Thumb down 3
  • Proton oh Proton on May 15, 2023 at 12:01 pm

    Joke of the Year.

    Like or Dislike: Thumb up 20 Thumb down 1
    • Manifesto Dicapati on May 16, 2023 at 8:48 am

      PH gomen is joke of the century and make Msia become butt of Asean joke

      Like or Dislike: Thumb up 4 Thumb down 5
  • What happened to the “Hari ni menang, besok toll cancel” pledge?

    Like or Dislike: Thumb up 49 Thumb down 1
  • Tipsy on May 15, 2023 at 12:16 pm

    Free toll manifesto..? Bhahahahahahahahaha….!!!!

    Like or Dislike: Thumb up 33 Thumb down 0
  • Panwar Pibrahim on May 15, 2023 at 1:07 pm

    syukurrrrrr

    Like or Dislike: Thumb up 4 Thumb down 1
  • sloan on May 15, 2023 at 1:15 pm

    discount toll rate 90%, extend toll collection to 1000 years.

    Like or Dislike: Thumb up 13 Thumb down 1
  • bastardalllies on May 15, 2023 at 1:24 pm

    all talk cock ….whoever wins the normal rakyat stand to lose …before election promised this promised that ..all bullshits only…afterall ..all are bastards and lies only…

    Like or Dislike: Thumb up 25 Thumb down 0
  • Never ending source of income.

    Like or Dislike: Thumb up 3 Thumb down 1
    • Ajibkor Madani on May 15, 2023 at 2:24 pm

      Thats how billionaires are created out of nowhere.
      Not how many degrees u have.But how many “connections” u have.

      Like or Dislike: Thumb up 9 Thumb down 1
  • Toll operators are having a ball all because the past government did not have the people’s interest in mind when signing off to the concessionaire. Corruption or abuses of power and self interests were the main considerations back then. Now future generations have to pay while those who enriched themselves basked in their vast wealth. The unity government must make these crooks pay.

    Like or Dislike: Thumb up 6 Thumb down 5
    • Manifesto Dicapati on May 16, 2023 at 8:49 am

      How to make right when unity gomen are all crooks? Ever seen a crook make a crook pay?

      Like or Dislike: Thumb up 2 Thumb down 1
    • Sohai on May 20, 2023 at 5:30 pm

      Don’t you realize the unity gomen consist of parties that approved those concessions?

      Like or Dislike: Thumb up 1 Thumb down 0
  • grumpy_car on May 15, 2023 at 2:28 pm

    wooooowwww… everybody got scam by politician.

    Like or Dislike: Thumb up 9 Thumb down 0
  • carpetbugger on May 15, 2023 at 3:41 pm

    gomen permaidani

    Like or Dislike: Thumb up 6 Thumb down 0
  • Lain janji lain dapat
    hancing

    Like or Dislike: Thumb up 5 Thumb down 0
  • This looks like another failed gomen. Soon higher electric tarrifs, petrol and diesel, and now never ending toll. For those who lives in suburbs, it costs hundreds of RM a month. Even overseas investor are leaving the klse. Plus RM continue to fall as no ” reformasi”.

    Like or Dislike: Thumb up 11 Thumb down 1
  • Jason Huan on May 15, 2023 at 5:53 pm

    I think the gov is worry about maintaining the Highway…
    Once concession ends, gov bear the cost of highway maintenance
    Easier to just outsource it, and let them collect tolls in exchange for keeping highways in working condition

    Like or Dislike: Thumb up 3 Thumb down 4
    • Manifesto Dicapati on May 16, 2023 at 8:50 am

      So dun promise so easily just to get votes! Bodoh gomen!

      Like or Dislike: Thumb up 2 Thumb down 0
  • Culky on May 15, 2023 at 8:53 pm

    After so many years of various formulas and radical ideas.. Finally got to become government. The only solution is to adopt BN’s most used formula.

    Like or Dislike: Thumb up 6 Thumb down 0
  • Susukotak on May 15, 2023 at 8:54 pm

    Ada rasa tipah tertipu dengan pakar ekonomi tak?

    Like or Dislike: Thumb up 6 Thumb down 0
  • Better say forever!

    Like or Dislike: Thumb up 0 Thumb down 0
  • dah la highway becomes a parking lot during all holidays n i cannot brain why the increase in cost related to a stretch of road, n this is what they decide… i hate those ppl in charge !!! saya tk halal duit if they decide to go with this

    Like or Dislike: Thumb up 2 Thumb down 0
 

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