RAM Rating also says the proposal to introduce congestion charge will complicate toll abolition for highways.
Menteri Kewangan, Lim Guan Eng berkata, pemansuhan semua tol di seluruh negara memerlukan masa kerana ia tidak dikendalikan syarikat konsesi sama.
The finance minister says commuters will save up to RM180 million per annum with reduced traffic jam during peak hours.
The counter fell by 8.88% or 27 sen to RM2.77 with 17.3 million shares changing hands at 9.50am.
The PM says the government is now focusing on Klang Valley tolled highways.
The finance minister says the lower cost of construction will improve liability and future debt for the government, translating to lower ticket prices and higher passenger traffic.
The government should reveal whether the cost savings will be able to justify or cover the additional re-tender and compensation costs incurred as a result of cancelling the underground work package for the MRT 2.
Gamuda and MMC shares fell to the lowest in nine years after Putrajaya rejected an offer from the MMC-Gamuda consortium to build an underground portion of the MRT2 project.
The property developer says the site has been earmarked for an executive condominium development project.
Najib berkata KWSP pemegang saham Gamuda dan MRCB, TH Properties milik Tabung Haji, dan YTL dikaitkan dengan individu lain.
The new government’s decision to cancel the Kuala Lumpur-Singapore HSR project will benefit airlines but cause losses to infrastructure firms involved, says report.
A post on Gamuda group MD's official Facebook page states that workers can stay home Thursday if they 'don't feel safe to come out to work'.
They win bids for northern and southern portions of the high-speed rail project between KL and Singapore.
They will be responsible for designing and delivering the civil works for the KL-Singapore rail project at an agreed cost and schedule.
Tenaga Nasional Bhd has issued four writs of summons against Gamuda Water Sdn Bhd.
The two companies are hoping to become the project delivery partner for the rail project connecting KL and Singapore.
Writer says effectiveness of procurement guidelines by World Bank will help prevent corruption and ensure better management of the project.
With 30% units already sold, the luxury residence location is ideal with a tram stop at the doorstep, and other amenities within walking distance.