Not possible to abolish toll immediately – Dr Mahathir

1
62
toll new currency trading Ringgit gold Prime Minister Tun Dr. Mahathir Mohamad in a special interview at the Perdana Putra in Putrajaya.PIX: SYAFIQ AMBAK / MalaysiaGazette / 6 MAY 2019
Prime Minister Tun Dr. Mahathir Mohamad in a special interview at the Perdana Putra in Putrajaya. FILE PIX: SYAFIQ AMBAK / MalaysiaGazette / 6 MAY 2019

KUALA LUMPUR – The immediate abolition of toll cannot be carried out as it requires purchases to be made by the government, said Prime Minister Tun Dr Mahathir Mohamad.

He said this was based on an in-depth study conducted on this matter.

Dr Mahathir noted that in the event that toll was abolished, it would still take time to alleviate the people’s financial burden.

“But we may be able to afford reduced toll rates. If anyone from the private sector has suggestions to reduce toll, these can be considered,” he said in a statement today.

In its 14th General Election manifesto, Pakatan Harapan pledged, among others, to review all highway concession agreements and negotiate to get the best deals to take over each toll concession with the ultimate objective to abolish toll in stages.

“When I (previously) mentioned there was no promise of abolishing toll, I was referring to the manifesto which stated that it would not be done immediately,” he said.

The prime minister noted that a study indicated that the government would need to fork out tens of billions of ringgit to take over tolled highways immediately, and spend billions of ringgit more on maintenance.

The previous government had accumulated debts amounting to a trillion ringgit and this must be repaid to avoid declaration of bankruptcy, he said, adding that paying off the interest and principal would incur billions of ringgit.

“When this is paid, government funds will be insufficient for key infrastructure development, (especially) if the costs of purchasing and maintaining highways are added to the government’s operational and development expenditure,” he said.

“After a study, it was found that the government can’t afford to fulfil the people’s requests for projects if it is saddled with the cost of maintaining highways,” Dr Mahathir said.

Noting that companies awarded toll concessions by the government could make a profit, the prime minister nonetheless conceded this might not be the case for all of them.

“This is because huge sums of money are needed for highway maintenance,” he said.

— BERNAMA

Read More:

Buying over PLUS does not stop toll collection – Mahathir

No decision yet on 4 tolls takeover

No toll rate increment next year

Result on toll concessions study to be tabled in cabinet

Abolish toll: Stop dreaming about having toll-free highways

Impossible to have toll-free roads – Mahathir

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Comment moderation is enabled. Your comment may take some time to appear.