malaymail.com 30 Apr, 2021 09:30 am

Toll operators’ shares dip as govt delays toll rate hike

Toll operators’ shares dip as govt delays toll rate hike
KUALA LUMPUR, April 30 — Toll operators’ shares on Bursa Malaysia, including Gamuda Bhd and Ekovest Bhd, took a hit in the early session today, as the government announced the postponement of the toll hike involving several major highways this year. As at 11.39am, Gamuda’s shares shed...

UALA LUMPUR, April 30 — Toll operators’ shares on Bursa Malaysia, including Gamuda Bhd and Ekovest Bhd, took a hit in the early session today, as the government announced the postponement of the toll hike involving several major highways this year.On Friday, Works Minister Datuk Seri Fadillah Yusof said the government had decided to postpone the toll hike for several highways, namely Kesas Highway, South Klang Valley Expressway, East Coast Highway 2, North-South Highway, Duta-Ulu Kelang Expressway (Duke), Damansara-Puchong Highway (LDP) and KL-Putrajaya Highway (MEX).Fadillah said the postponement of the toll hike to 2022 will cost the government RM2.Home Money Toll operators’ shares dip as govt delays toll rate hike K A general view of traffic at the Jalan Duta Toll Plaza on the first day of the recovery movement control order June 10, 2020.

Gamuda owns a 44 per cent stake in Lingkaran Trans Kota Holdings Bhd (Litrak Holdings), the operator of LDP highway while Ekovest operates the Duke highway.5 sen with 81,100 shares transacted while Ekovest was flat at 45.

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