Monday, November 27, 2006

Increase of Toll Rates Confirmed !!

* Latest - Toll rates for five highways will go up on Jan 1 next year as the Government can no longer afford to subsidise toll increases, Works Minister Datuk Seri S. Samy Vellu said on Monday. Within 24 hours, a change of tone. I'm not surprised as they are politicians.....meant to talk like this (source: The Star also). By the way, I have blogged about such increase (with percentage of increase too) way back on 16 Oct 2006. Other goods and services affected by it will also see increase in their prices.

ONLY YESTERDAY (Sunday) - The Cabinet will decide by the end of this year whether to increase the toll charges for the five concessionaires. The concessionaires are Guthrie Corridor, KL-Karak Highway, Grand Saga, Lebuhraya Damansara Perdana and Lebuhraya Shah Alam.

Works Minister Datuk Seri S. Samy Vellu said the concession agreements would be due by Jan 1 next year. “I have submitted the working papers to the Treasury, the Economic Planning Unit and the Attorney General to get their feedback,” he said.

“Once my ministry receives the feedback, the Cabinet will decide whether to increase the toll.” He added that the Government would have to pay compensation to the concessionaires if they decide not to increase the toll. “The agreement lapses every three to seven years, so we will have to review the toll. If we do not allow them to increase the toll, then we will have to compensate them,” he told reporters at the Parliament lobby here yesterday. (source: The Star)
Tags: Toll, Highway, Lebuh Raya

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