Pakatan calls for clarity on new highway concessionaire Amanat Lebuhraya Rakyat
ALR, which is chaired by Tan Sri Azlan Mohd Zainol, has offered to buy 100% of shares in all four concessionaires.
(The Vibes) – Pakatan Harapan (PH) is claiming credit for the restructuring of four highway concessions that will cap their current toll rates until the end of their contracts.
Its presidential council has also urged the government to provide a full explanation to Parliament on the details of the new concession owner, Amanat Lebuhraya Rakyat Bhd (ALR).
Chiefly, the council wants clarity pertaining to the company’s financial obligations and expenditure transparency.
In a statement yesterday, Prime Minister Datuk Seri Ismail Sabri Yaakob announced that the toll rates for four major highways in the Klang Valley will remain unchanged until the end of their concessions due to the restructuring of the four concession companies.
The restructuring will involve Kesas Sdn Bhd, which manages Shah Alam Expressway (Kesas); Syarikat Mengurus Air Banjir dan Terowong Sdn Bhd, which manages the Stormwater Management and Road Tunnel (Smart); Sistem Penyuraian Trafik KL Barat Sdn Bhd, which manages the Kuala Lumpur Traffic Dispersal Scheme (Sprint) Expressway; and Lingkaran Trans Kota Sdn Bhd, which manages the Damansara-Puchong (LDP) Expressway.
The prime minister said the restructuring of the four companies is expected to reduce compensation costs from January 1, 2022, until the end of the concession period, and enable the government to save at least RM4.3 billion in toll subsidies.
In a separate statement, Works Minister Datuk Seri Fadillah Yusof yesterday said ALR, which is chaired by Tan Sri Azlan Mohd Zainol, has offered to buy 100% of shares in all four concessionaires.