No rise in toll rates for Sprint, Smart, Kesas and Litrak for next 10 years
THE current toll rates for all four highways managed by Amanat Lebuhraya Rakyat (ALR) will be maintained until the end of each of their concession periods, says its group chief executive officer Sazally Saidi.

They are the Sprint Expressway (Sprint), Stormwater Management and Road Tunnel Expressway (Smart), Damansara-Puchong Highway (Litrak) and Shah Alam Expressway (Kesas).

ALSO READ : Toll-free travel on all highways for Hari Raya on April 8-9

Announcing this during a "buka puasa" event with children from the Darul Sakinah Angkasa Care Centre (DSACC) at Glam Hall Damansara in Petaling Jaya recently, Sazally said this move would generate approximately between RM800mil to RM1bil in direct savings for motorists and the government in terms of toll compensations.

Explaining the mechanics, the group’s chief transformation and corporate officer Low Jo-Lyn said the current toll rates for the four highways were expected to be maintained for the next 10 years at least.

"ALR’s sukuk which was issued in 2022 has a finite maturity period of 15 years but the more traffic there is on our highways, the shorter the concessions will be.

"As such, it is forecasted that ALR should be able to repay the sukuk by 2033 or 2034," said Low.

During his address, ALR's Group Chief Executive Officer, Sazally Saidi, recapped the benefits of ALR's model, where there would be no increase in toll rates until the end of the concessions, generating approximately RM800mil to RM1bil in total annual direct savings for motorists and savings in toll compensation payment for the Government. In line with this, he shared that as of 31 March 2023, approximately RM467mil in toll compensation savings for the Government had been generated from ALR's innovative structure.

Early settlement of the sukuk would shorten the toll concessions to the government. Explaining that ALR was a private, not-for-profit entity established to hasten the return of the four highways to the Malaysian government, the company structure was expected to generate an estimate of RM487.6mil in direct savings for motorists and RM467mil in toll compensation savings for the government.

At the buka puasa event, ALR treated some 20 children from DSACC to a buffet dinner.

Each also received cash contributions amounting to RM50 and new clothes worth RM180.

The children’s home also received a donation of RM2,000 to assist in their daily operation.
THE current toll rates for all four highways managed by Amanat Lebuhraya Rakyat (ALR) will be maintained until the end of each of their concession periods, says its group chief executive officer Sazally Saidi.