About Us

Amanat Lebuhraya Rakyat Berhad ("ALR") ALR is a private, special purpose, not-for-profit entity developed to hasten the shortening of the toll concessions and the return of the four highways to the Government of Malaysia. It was established under the Companies Act 2016 in late 2021.

On 13 October 2022, ALR successfully issued RM5.5 billion in nominal value AAA-rated Senior Sustainable and Responsible Investment Sukuk Murabahah ("Sustainability Sukuk Murabahah") and completed its acquisition of four highway toll concessionaires:

  • KESAS Sdn. Bhd. ("KESAS")
  • Lingkaran Trans Kota Sdn. Bhd. ("LITRAK")
  • Sistem Penyuraian Trafik KL Barat Sdn. Bhd. ("SPRINT")
  • Syarikat Mengurus Air Banjir & Terowong Sdn. Bhd.("SMART")

The concessionaires above are now wholly owned subsidiaries of ALR.

Under this new innovative structure derived from the acquisition, the current toll rates for all four highways will be maintained until the end of each of their concession periods. The social value proposition and key benefits of this new structure are:

  • Direct savings for the motorists on all our highways.
  • Savings for the Government on toll compensation payments, which can now be utilised for other more pressing nation-building purposes; and
  • Savings for all Malaysians from the shortening of the toll concessions.

ALR and its subsidiaries are overseen by a board of directors ("BoD"), and the four concession companies currently operate and perform maintenance on the highways with the existing management team and staff.

ALR's BoD has a full fiduciary duty to the company's capital providers.

ALR's BoD is also its shareholders, and ALR's shareholders are its BoD.

ALR's shareholders are "not-for-profit" motivated and thus cannot extract any dividends nor distribution whatsoever from ALR.

Therefore, all and any profits generated through the operation of these four highway concessions must be channelled purely for the servicing and early redemption of ALR's financial debts, which is solely to the benefit of the motoring rakyat since ALR is obligated to return the concessions to the Government as soon as its financial debts have been fully redeemed.

Under our ALR structure, the more traffic there is on our highways, the shorter the concession will be.

As trustees of four crucial public assets that serve our capital city and the Klang Valley, we are deeply mindful of our duty to discharge our mandate effectively and safeguard the interests of all our stakeholders at all times. We are committed to managing ALR’s business in a sustainable, responsible and holistic manner.

Our Mandate

To ensure urban mobility for the rakyat, and in-so-doing prioritising motorists' safety whilst maintaining toll charges constant to ensure motorists' affordability of use.

To achieve Government's ambition to eliminate compensation payments entirely whilst still maintaining motorists' affordability at current toll rates.

To accelerate the era of nominal or zero tolling for the motoring rakyat.

Our Charter

1

We manage the business and affairs of our highway concessionaire subsidiaries with utmost integrity, in fulfilling the regulations and requirements of Malaysian Highway Authority, and the obligations of their Concession Agreements.

2

Safety of our road users is paramount.

3

We safeguard the interests of our funders at all times and fulfil the debt servicing obligations due to them on time, all the time.

4

We seek to generate profits and financial upside in all our affairs, for the sole objective of channelling all such profits and financial upside to service and accelerate the full redemption of financial debts of our funders, as soon as possible.

5

We shall return the Concessions to the Government, as soon as is practicable1 upon the full redemption of our financial debts of our funders – to achieve our Mandate statement 3 above.

6

In this manner, we ensure that the ultimate beneficiary of our accumulated profits and financial upside shall always be the motoring rakyat, by virtue of the consequential acceleration of the era of nominal or zero tolling.

7

We shall dedicate any available surplus resources post the completion of our mandate and return of the Concessions, to the furtherance of the continuing maintenance of highways, and/or to the improvement of urban mobility of the motoring rakyat.

8

We strive to maximise our financial upside by focusing on the following key initiatives:
  1. operational cost efficiency;
  2. efficient cash and treasury management whilst being fully cognisant of prudential risk management of our cash reserves; and
  3. induce and encourage continued use of our highways by operational excellence.

9

We shall always be transparent to our constituents with respect to our mandate and charter, and thus disclose the state of our financial affairs bi-annually, to provide a status update of our financial progress in achieving our mandate.

10

We shall ensure that our board members shall have the highest levels of integrity and personal ethics, and represent apolitical professionals who have demonstrated exemplary service in their respective fields, industries or sectors, with accompanying respected tenures of leadership.

1 the return of Concessions shall be performed immediately upon sufficiency of cash resources to account and provide for all the costs and expenses of cessation of business and termination of employments.

Corporate Governance

Amanat Lebuhraya Rakyat Berhad directors and management are committed in maintaining good corporate governance by constantly having in place an effective corporate governance framework.

Click here for:

Anti-Bribery & Corruption Policy Statement

Anti-Bribery & Corruption Policy

Whistleblowing Policy & Procedure

Whistleblowing Reporting Form

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