Gamuda highways takeover uncertain

“The Finance Ministry says it can raise enough funds to pay for the acquisition of the highways by charging during the peak hours, we have to see whether that will be enough, ” he told reporters after a closed-door roundtable discussion with the International Chambers of Commerce.

PETALING JAYA: Uncertainty about the proposed takeover of Gamuda Bhd’s four urban highways remains as the Aug 30 deadline for the definitive agreements approaches.

Although the Finance Ministry has been consistent in its view that the government could afford the RM6.2bil deal, there have been comments by the Prime Minister that the government did not have the money to pay for it.