More data from the Auditor-General’s Report 2022, this time in regards to toll compensation subsidies. According to the AG, out of the RM55.443 billion that the Malaysian government spent on subsidies last year, RM861.22 million went to toll compensation subsidies.
This represents a decrease of RM474.94 million or 35.5% compared to the RM1.336 billion recorded in 2021. As noted in the report, the compensation expenditure was paid to 19 highway concessionaires for granting toll discounts as well as delaying toll rate increases.
In May this year, it was reported that the government was considering extending the concession periods of highway operators to prevent toll rates from increasing. It was claimed that in exchange for longer concession periods, highway operators would lower toll rates, although nothing has been made official yet.
The post RM816.22 mil in compensation paid to 19 highway operators in Malaysia in 2022 – down 35.5% from 2021 appeared first on Paul Tan's Automotive News.
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