KUALA LUMPUR: Gamuda Bhd
said any sale of its highway concessions would be done at a fair market value and said a speculated enterprise value of RM5.2bil for these concessions as reported in a business weekly over the weekend was “incorrect”.
The company also confirmed it is currently still in talks with the government on a proposal that involves keeping the current toll rates unchanged with no further increases.
Gamuda said in a statement yesterday that this would also involve a short concession extension in order to fully recuse the government from paying any compensation.
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