How would a RM7b highway with 60 years toll benefit public?

How would a RM7b highway with 60 years toll benefit public? – DAP
January 30, 2012

Lim Guan Eng, the secretary-general of DAP is demanding an explanation from the prime minister Datuk Seri Najib Tun Razak on how a RM7 billion highway will benefit the public.


This is where the highway will be tolled for 60 years, a national record which will incur up to RM5 billion in taxpayers’ money. Europlus Bhd (KEuro), whose primary business is in granular and powder-activated carbon production announced that they have been awarded to build the highway that links Banting with Taiping that stretches across 316km. They will receive a soft loan from the government of RM2.24 billion government with a 3% interest subsidies on commercial loans for 33 years with RM980 million in land acquisition paid out by the government. Guan Eng questioned the need to pay the RM980million as it is a privatized project. On top of that, the Prime Minister’s Department has granted a 60 year concession to the company.
http://malaysiatoday.com/2012/01/how-would-a-rm7b-highway-with-60-years-toll-benefit-public-%E2%80%93-dap/