Concession Companies Need To Understand Toll Hike Delay To Lighten People's Burden
Works Minister Datuk Seri Alexander Nanta Linggi said that although the move would affect the cash flow of highway concession companies, he believed that the government's real objective would be understood by all parties involved.
'In terms of the business model, they do not like it (delay in increase) … from the beginning when making the business proposal, cash flow has been taken into account.
'We understand, and this is undoubtedly disrupting their cash flow but I hope they understand why the government made this decision to ease the burden of road users, especially the B40 group,' he said here today.
Nanta said this at a press conference after the handover of the Letter of Acceptance (SST) for the Blackspot and Federal Road Maintenance Programme in Peninsular Malaysia at the Works Ministry. The event was also attended by Works Ministry deputy secretary-general (Policy and Development) Datuk Mohd Sakeri Abdul Kadir.
He also expressed his appreciation to the concession companies who cooperated and understood the government's decision to help the people in the current economic situation.
He said the government also acknowledged that the concession companies had responsibilities based on the agreements signed, and any breach of the agreement had to be seen from the perspective of their interests.
'When there is a breach of this agreement, we have to understand it from their perspective because they borrowed their investment money and so on, and it needs to be repaid.
'They have a business model, return on investment (ROI), so we have to understand that is their big responsibility. So whatever is good for everyone, then all parties should work together," he explained.
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