Tuesday, January 6, 2009

malaysiakini and the new HIGHWAY ROBBERS

OK that's a bit dramatic but I am sure any motorist who has to fork out tolls equivalent to equal or more than the cost of fuel must be fuming at some of the indecent profits made by some toll operators who are laughing all the way to their banks.
It seems to be a case of "Heads I Win, Tails You Lose" scheme with the toll companies.
When traffic conditions are low, the government has to compensate them but when traffic is high to the point of highway crawls, there is no recourse for the over-taxed motorist.
To me it is not necessary for the government to buy over the toll companies as suggested in this malaysiakini article Buy over highways, DAP tells govt

Since supplementary agreements have been part and parcel of prolonging our suffering, the government can introduce a special supplementary agreement based on the following :

1.The Concession will end 5 to 10 years after the company has recovered all the costs of constructing the highway with no further toll increases.
2.Profits in excess of 20% of turnover will be used in a toll adjustment exercise.
3.Company directors' salaries and benefits will be the median of companies in the KLSE.

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