Selangor Menteri Besar Abdul Khalid Ibrahim revealed today that a state-owned company holds a sizeable stake in toll concessionaire Grand Saga, which is embroiled in a dispute with Bandar Mahkota Cheras (BMC) residents.
"We are holding an executive council meeting this evening and we will come up with out position. I have to listen to all the facts and study the reason why the situation has to come to this stage, "he told reporters at Parliament lobby.
Khalid did not name the state-owned company.
It is learnt that state investment arm Kumpulan Perangsang Selangor indirectly owns a substantial portion of Grand Saga.
He noted that the concessionaire wants to ensure that traffic will flow into the toll road, to enhance revenue.
"I have spoken to the works minister and we are in discussion to find ways to resolve the issue, "said khalid.
Later at the press conference held in Shah Alam after the Selangor state exco meeting, Khalid said that the government, in its capacity as a shareholder in Grand Saga, would be calling for an emergency general meeting (EGM) of the company to seek explanation on the company's stern stand on the barricade matter.
He said the state also wanted an explanation on the alleged use of THUGS by Grand Saga against the residents.
He added that the state government would be writing to the Malaysia Highway Authorities (LLM) to inquire if they had given permission to Grand Saga to erect the new barricade.
"If LLM confrims that they indeed given such an approval, we will ask for the barricade to be removed, "he said.
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