The government has agreed to postpone the increase in toll rates for three major highways, which was supposed to take effect on Jan 1 this year, says Works Minister Fadillah Yusof.
In a statement today, he said the Cabinet made the decision on Wednesday in view of the rising cost of living due to the Covid-19 pandemic.
He said the hike in toll prices was supposed to affect the Shah Alam Expressway (Kesas), South Klang Valley Expressway (SKVE) and East Coast Expressway 2 (LPT2).
Fadillah said another 21 highways for all vehicle classes and one toll plaza would also see a freeze in toll rates, including the North-South Highway (PLUS), Duta-Ulu Kelang Expressway (DUKE), Damansara-Puchong Highway (LDP) and KL-Putrajaya Highway (MEX).
He said the postponement would cost the government RM2.25 billion, adding that negotiations to restructure toll rates with concessionaires are ongoing. He said this would be finalised before 2023.
“The estimated compensation will be determined after a traffic verification process is carried out by the Malaysian Highway Authority,” he added.