RM2.25 billion compensation due to postponement of toll rates – Minister Fadillah

toll rate malaysia

PUTRAJAYA APR.30: Realizing the rise in the cost of living standard and the effects of COVID-19 to the people, the government has decided to postpone the increase in the toll rates effective 1st January until 31st December 2021.

Senior and Works Minister, Datuk Seri Fadillah Yusof said, the decision was made in the Cabinet Meeting on 28th April 2021.

“The postponement in the toll rate increase involve three highways namely Shah Alam Highway (KESAS) South Klang Valley Highway (SKVE) and Phase 2 East Coast Highway that should be getting the new increased rate starting 1st January 2021,” Fadillah said in a statement here.

Fadillah said, besides that there are highways and toll plazas that have been given postponement earlier will continue to postpone the rate to be increased and it involves 21 highways and one toll plaza including North-South Highway (PLUS) Duta Highway-Ulu Kelang (DUKE), Damansara-Puchong Highway (LDP) and KL-Putrajaya Highway (MEX), one highway and two toll plazas (postponed on class 1 vehicle and class 5 only), one highway and three toll plazas (postponed on class 5 vehicle only) and one highway (postponed on vehicle class 2,3,4 and 5 only).

The Senior Minister added, following the postponement, the estimation for compensation borne by the government is RM2.25 billion while negotiation with the concession company to restructure the toll rates is still in progress. However the Cabinet has agreed to finalise it by year 2023.

“The compensation estimation is based on the amount of compensation that has been fixed in the concession agreement and the actual amount of the toll compensation payment will be fixed after the traffic verification process is done by the Malaysian Highway Authority,” Fadillah said. –Malaysia World News  

Graduate with a Master of Mass Communication. 10 years working experience in the media and broadcasting.

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