Malaysia Causeway toll operator said to be profiting from toll hike
11 Nov 2014|1,549 views
Toll concessionaire Malaysian Resources Corporation Berhad (MRCB) will reap 'exorbitant profits', Malaysia's opposition said on Monday after the government revealed that 1.5 million paying vehicles crossed the Causeway in August after a toll hike that has begun to hit Johor's economy, reported The Straits Times.
Malaysia's works ministry revealed in Parliament last week that in the month following the 1st August hike, 729,657 paid the toll to enter Singapore while 721,384 shelled out the increased fare going the other way.
Malaysia added RM6.80 (S$2.63) each way to the existing RM2.90 to enter Johor from Singapore for cars, while buses saw a RM5.50 increase in both directions on top of the RM2.30 already paid heading north.
According to opposition Democratic Action Party (DAP), this totals close to RM11 million per month, the same as the compensation paid by the government to MRCB since 2012 when the toll hike was to come into effect but was delayed ahead of last year's closely-fought general elections.
DAP assistant publicity chief Teo Nie Ching said yesterday this would mean that the government-linked MRCB would rake in RM4.3 billion by the end of its 34-year concession, despite the Eastern Dispersal Link (EDL) highway - which terminates at the Johor Baru immigration complex - only costing RM1.2 billion.
Toll concessionaire Malaysian Resources Corporation Berhad (MRCB) will reap 'exorbitant profits', Malaysia's opposition said on Monday after the government revealed that 1.5 million paying vehicles crossed the Causeway in August after a toll hike that has begun to hit Johor's economy, reported The Straits Times.
Malaysia's works ministry revealed in Parliament last week that in the month following the 1st August hike, 729,657 paid the toll to enter Singapore while 721,384 shelled out the increased fare going the other way.
Malaysia added RM6.80 (S$2.63) each way to the existing RM2.90 to enter Johor from Singapore for cars, while buses saw a RM5.50 increase in both directions on top of the RM2.30 already paid heading north.
According to opposition Democratic Action Party (DAP), this totals close to RM11 million per month, the same as the compensation paid by the government to MRCB since 2012 when the toll hike was to come into effect but was delayed ahead of last year's closely-fought general elections.
DAP assistant publicity chief Teo Nie Ching said yesterday this would mean that the government-linked MRCB would rake in RM4.3 billion by the end of its 34-year concession, despite the Eastern Dispersal Link (EDL) highway - which terminates at the Johor Baru immigration complex - only costing RM1.2 billion.
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