It’s a no-go for the long-opposed Kinrara-Damansara Expressway (Kidex) project following the developerâ€™s failure to meet three stipulated conditions by the Feb 14 deadline.
â€œSince not one of these conditions were met by Kidex by the end of the period given, the Selangor state government is announcing the cancellation of the project,â€ announced Selangor Mentri Besar Azmin Ali in a statement,Â Monday.
The three conditions, Azmin said, were preparing a free traffic impact assessment, social impact assessment and environmental impact assessment to show users and residents of involved areas the clear benefits or possible negative effects of the expressway.
â€œKidex was also expected to reveal the toll rates throughout the concession period including any rise in any toll rates set in the concession.
â€œThe concessionary party had to give official estimated rate of the toll collection and the rate of return to investment.
â€œThey also had to reveal the full concession agreement to keep in line with Pakatan Rakyatâ€™s policy of integrity, accountability and responsibility,â€ he said.
Azmin added the same approach would be used in the considering applications for approval of other expressways.-MYNEWSHUB.CC