RAM Ratings: Govt's nod to restructure concessionaires offers hope for highway sector

STAR

KUALA LUMPUR: The government’s agreement to a restructuring proposal involving four highway concession companies in the Klang Valley offers hope for the broader highway sector, said RAM Rating Services Bhd.

The proposal, which means no more toll rates hike for four highways in the Klang Valley, involves highway concessionaires Syarikat Mengurus Air Banjir dan Terowong Sdn Bhd (SMART Tunnel), Kesas Sdn Bhd (Kesas Expressway), Sistem Penyuraian Trafik KL Barat Sdn Bhd (SPRINT Expressway), and Lingkaran Trans Kota Sdn Bhd (Damansara-Puchong Expressway or LDP).