Thursday, February 26, 2009

Toll increases from March 1 for five highways

KUALA LUMPUR: The toll rates for five highways will be increased from March 1, Works Minister Datuk Mohamad Zin Mohamed said on Thursday.

The highways, which road users have to pay more to use are North-South Expressway (Plus), Sprint, Ampang Elevated Highway, Sg Besi Highway, and New Pantai Expressway.

StarBiz had reported Thursday that the Government was expected to make a decision on road toll rates soon, possibly before the end of the week, as it owes compensation to the highway concessionaires for at least two months and more will be owed without a decision.

“Three groups owned highways with toll rates that were overdue for increases, according to their concession agreements.

“These concession owners are PLUS Expressways Bhd, IJM Corp Bhd and Lingkaran Trans Kota Holdings Bhd (Litrak). While they own a number of tolled highways, several were due, or already overdue, for toll increases on Jan 1.

“These involved the North-South Expressway, New Klang Valley Expressway and Federal Highway Route 2 under PLUS, New Pantai Expressway (NPE) and Sungai Besi Highway under IJM group, and Damansara Link and Kerinchi Link that are stretches of the Sprint highway of Litrak,” wrote C.S. Tan.

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