LPT3’s winning bidder will foot the bill, Works Ministry expects the cost to top RM10b

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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 ...

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.

He was responding to a question from Dungun MP Wan Hassan Mohd Ramli, who asked why the government had not considered a financing arrangement similar to the one used for the RM3 billion Juru-Sungai Dua traffic dispersal project in Penang.

Wan Hassan said the approach involved 60 per cent government funding and 40 per cent financing from institutions such as PLUS Malaysia Bhd, under the Public-Private Partnership Master Plan 2030.

He questioned what had prevented the government from adopting the same model for LPT3.

Ahmad said the government had to weigh its existing investments in major east coast transport infrastructure before deciding on a financing arrangement.

He cited the Kota Bharu-Kuala Krai Expressway, which costs RM2.3 billion and is fully government-funded, with completion targeted for the end of 2027.

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