AES concession companies made RM129 mil in 6 years



Transport minister Anthony Loke Siew Fook estimates that the two concession companies have invested RM10 million for the cameras, but their profits have exceeded this amount.

Transport minister Anthony Loke Siew Fook says that the amount paid by the government to ATES Sdn Bhd and Beta Tegap Sdn Bhd is based on a two-part agreement.

PETALING JAYA: The two companies operating the Automated Enforcement System (AES) earned RM129 million in the six years since it was introduced in 2012 until May this year.

Transport minister Anthony Loke Siew Fook said the amount was paid to ATES Sdn Bhd and Beta Tegap Sdn Bhd by the government on the basis of a two-part agreement.

He said that based on Tier 1, the companies would each receive RM16 on every traffic call issued by the government and RM150 under Tier-2.

"For Tier 1, they were paid RM60.2 million and RM68.8 million for Tier-2," he said today.

Last Friday, Loke announced that all 3.1 million outstanding AES traffic calls with a total value of RM435 million had been written off.

The regulation will be fully taken over by the Road Transport Department (JPJ) from 1 September, after the government has decided not to extend the contract with Beta Tegap and ATES.

Loke rejected criticism that the government had lost a source of income by canceling all outstanding AES calls.

He said that the collections of the summons would have gone to the two companies on the basis of the AES contract.

"The contract signed by the previous government was skewed in favor of the companies," he said.

Loke also said that the new Pakatan Harapan (PH) government found the privatization of the AES unacceptable.

"On the basis of all these reasons, the government has decided to abolish all outstanding calls to resolve the AES issue which has continued for six years without any regulation," he added.

Loke also asked what investment the two companies had put into the scheme.

"They have collected RM129 million over six years, but what was their investment? So far, there are only 38 cameras in operating condition, seven cameras are in the process of activation and two are being installed.

"The total is 47 cameras I understand that the most expensive camera costs RM250,000, which means that their total investment is about RM10 million, but they received RM129 million.

"Whatever investment they have made is already earned back and they have gained a lot more profit," he said.

Loke also revealed that the shareholders of ATES Traffen Force Sdn Bhd and Commercial Circle (Malaysia) are Sdn Bhd, while Beta Tegap is jointly owned by Dr. Andreas Teoh, Mohd Yunos Othman, Rozana Redzuan, Jeneral (Rtd) Nik Ismail Nik Mohamed and Yap Kim See @ Yap Ai Lin.


Source link

Leave a Reply