Chance to exit from four concessions

Works Minister Datuk Seri Fadillah Yusof said the government is reviewing a revised offer by Gamuda on a takeover of four highways. He said the government had initially rejected a proposal by Gamuda but the infrastructure and property development group came back with “a new proposal for a new scheme similar to an arrangement reached with PLUS Expressways Bhd previously, where the concession will be extended, with a fixed rate”.

A PROPOSAL to take over four inter-city highway concessions linked to Gamuda Bhd is on the table again, but this time through a highway trust mechanism.

Unlike the RM6.2bil deal proposed by the Finance Ministry (MoF) under the then Pakatan Harapan government in June 2019, this is a private sector deal that can “save some RM5.3bil in compensation payout, with no cost and risk to the government, ” sources say.