KUALA LUMPUR: The government is going ahead with the plan to acquire four highways from GAMUDA BHD . The takeover, first announced by the Finance Ministry in June, has been approved by the Cabinet, Lim Guan Eng said in Budget 2020 speech today. Under the plan, the government will pay RM6.2bil to acquire Shah Alam Expressway (KESAS), Damansara-Puchong Expressway (LDP), Sprint Expressway (SPRINT) and SMART Tunnel (SMART). Gamuda is a substantial shareholder in all four highways. The takeover will be funded via government-guaranteed borrowings.

Source: The Star October 11, 2019 10:41 UTC