KUALA LUMPUR: The government has not proposed a hybrid financing model for the East Coast Expressway Phase 3 (LPT3), despite adopting a similar approach for another highway project in Penang.
Deputy Works Minister Datuk Seri Dr Ahmad Maslan said the proposed 122km expressway would instead be developed through a public-private partnership (PPP), with the successful bidder bearing the full construction cost.
"Hybrid financing is something new. However, LPT3 must be considered alongside all the infrastructure projects the government has announced and implemented.
"So far, no hybrid financing has been proposed," he told the Dewan Rakyat.
