In a period of street clashes and tear gas, it seems that the HINDRAF rally has sucked all the editorial resources of malaysiakini and the like.
The Star has this most interesting article on how toll rates can be frozen or slowed down and I support this good idea.
It makes good economic sense for the Government to buy back all the tolled roads as that will remove the annual bargaining that is rather pitiful to hear when sums of
RM340 million a year compensation are mentioned.
It would make more sense for the EPF to buy out the highway operators instead of placing money in risky ventures abroad.
It kills 3 birds with one stone:
1.the end of the annual compensation story.
2.EPF can invest in a profitable business.
3.Malaysians can enjoy a good highway system with a reasonable toll.
Kudos to the PAC Chairman for this suggestion. Now if only they make the highway agreements public.