KUALA LUMPUR, Nov 11 — The government has not proposed a hybrid financing model for the East Coast Expressway Phase 3 (LPT3), even though it adopted one for a highway project in Penang, Deputy Works Minister Datuk Seri Ahmad Maslan said today.
He added that the proposed 122km expressway would instead be developed through a public-private partnership (PPP), with the successful bidder bearing the full construction cost, the New Straits Times reported.
“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 was quoted saying in the Dewan Rakyat.
