Toll deals can be viewed at library

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Toll deals can be viewed at library

Postby admin » Sat Jan 03, 2009 2:06 am

PETALING JAYA: Sixteen toll concession agreements can now be view­ed at the Works Ministry’s library but the public will not be allowed to make copies of the documents just yet.

The Highway Authority of Malaysia director-general, Datuk Mohamad Ra­­za­­li Othman, said the public had to fill up a form and would be allowed two hours of viewing time.

“This is to allow others to view the concession agreements while cutting down on the waiting period.”

He said that copies of the agreement could not be distributed until Section 3 of the Fees Act (1951) had been amended to enable the collection of fees.

The concession agreements that we­­re released yesterday includes those in­­volving LDP, Guthrie, Sprint, Besraya, Ampang-Kua­la Lumpur Elevated High­way, SMART, NNKSB, Metramac, KESAS, Grand Saga, Lebuhraya Pintas Selat Klang Baru, NPE, MTD, Penang Bridge, SILK and BORR.

Reporters who were allowed 30 mi­­nu­­tes to view the document yesterday found that the Government had re­­vised the LDP agreement, allowing the company to share the profits with the Government equitably if the income from toll collection is higher than the projected income.

Under the KESAS concession, the Go­­­­vernment had paid compensation totalling RM150mil due to the lowering of the toll fees and the Government has to ex­­tend the concession contract for another year to 2021, and the BORR expressway company paid RM50mil to the Govern­ment for securing the concession.

Meanwhile, the Sistem Lingkaran-Le­­­­­­­buhraya Kajang Sdn Bhd’s projected income from toll collection is expected to reach RM146.63mil for the year 2008 and hit RM835.94mil when the contract ex­­pires in 2036.

On Oct 17 last year, the Cabinet ag­­reed to declassify the concession ag­­reements, and the decision was mutually accepted by the concessionaires except for Maju Expressway Bhd.

CAP pre­sident S.M. Mohd Idris said the public would need time to study the documents as they were lengthy and technical.

Read the full article:
http://thestar.com.my/news/story.asp?fi ... sec=nation
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