SILK Holdings Bhd is awaiting government approval to raise by 30 sen the toll rate at the Kajang Traffic Dispersal Ring Road. The present rate is RM1.
They are merely going by the terms of the concession agreement that require them to request for a toll hike every five years.
The company was not proposing something new to the government but merely following what has been agreed to by both parties in the concession agreement.
They are merely going by the terms of the concession agreement that require them to request for a toll hike every five years.
The company was not proposing something new to the government but merely following what has been agreed to by both parties in the concession agreement.
On the marine division, SILK is expected to acquire four vessels over the next two years as part of the fleet renewal programme. This is an initiative by the company to replace old vessels with newer ones which are equipped with more modern equipment. The new vessels can be deployed for deep water operations.
SILK, through wholly-owned subsidiary Sistem Lingkaran Lebuhraya Kajang Sdn Bhd (Kajang-SILK), is the concession holder of the Kajang Traffic Dispersal Ring Road, which started operations on July 15, 2004.
Its subsidiary in the marine division, Jasa Merin (M) Sdn Bhd, is an offshore marine support services provider. Operating with 12 vessels currently, Jasa Merin's main activity is providing offshore support vessel services on medium-to-long-term charters to oil and gas companies such as Petronas Carigali, ExxonMobil, Murphy and Petrofac.
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