KUALA LUMPUR – All decisions on reducing or freezing the toll rate would depend on its stakeholders.
The Managing Director of Khazanah Nasional Berhad Datuk Seri Shahril Ridza Ridzuan said, no government can breach the contracts made with the concession companies.
“The decision to decrease or increase toll rate needs to be discussed with the stakeholders and it all depends on the contract,” he said in an investment conference, Malaysia: A New Dawn today, answering the question from the moderator on the status of the projects postponed by the Pakatan Harapan government and the government’s election manifesto in reducing the prices of toll.
Elaborating on the LRT and MRT projects, Shahril said, there are many categories in a contract. The government is currently renegotiating the contracts finalised before this.
“There is no breach of contract, only renegotiations,” he said.
Last Sunday, the government has appointed MMC-Gamuda as the turnkey contractor for the ground construction of MRT2 with the new cost of RM17.42 billion.
The price locked has given the government a saving of RM5.22 billion compared to its previous price of RM22.64 billion.
Finance Minister, Lim Guan Eng said that the reduction was reached through cost reduction and rationalisation of work scope, while maintaining all ground stations.
Nevertheless, the federal government and MMC-Gamuda failed to reach an agreement and solution on the costs for underground works.
The cabinet has also decided that the underground works should be halted and any incomplete works would go through an international open tender. -MalaysiaGazette