Kuala lumpur: Amanat Lebuhraya Rakyat Bhd (ALR) is strategizing to diversify its revenue streams and alleviate traffic congestion to foster business growth and expedite the repayment of its RM5.5 billion sukuk.
According to BERNAMA News Agency, the sukuk is a crucial component of ALR’s financial structure, issued to support the acquisition and sustainable management of four major Klang Valley highways: the Shah Alam Expressway (KESAS), Damansara-Puchong Expressway (LDP), SPRINT highway, and SMART Tunnel. ALR Group CEO Muhammad Nizam Alias has indicated that the company is actively seeking partnerships and exploring asset monetization beyond toll collection, which has traditionally been its principal revenue source.
Muhammad Nizam explained that the company is considering leveraging commercial potential within the highway and road reserves. Currently hosting petrol stations and eateries, ALR plans to develop lifestyle centers along its routes by engaging potential third-party partners. The aim is to ensure a
sufficient return on these partnerships as the ALR concession period draws to a close.
To address traffic congestion, Muhammad Nizam highlighted ongoing collaborations with local authorities such as the Malaysian Highway Authority (LLM) and the Department of Director-General of Lands and Mines (JKPTG) to explore land tenure solutions. ALR is dedicated to reducing congestion to enhance travel times and queue lengths on its highways, with 16 congestion points identified, particularly on KESAS, LDP, and SPRINT highways.
The company has pinpointed major congestion areas, including Persiaran Kewajipan in Subang Jaya and Petaling Jaya Selatan-Toll Plaza. By addressing these points, ALR aims to make its highways the preferred routes on navigation apps like Waze and Google Maps, thereby improving user experience and attracting more traffic.
Working closely with the government and relevant agencies, ALR supports national development and aims to ease the government’s fiscal burden while ensuring sustainable highway
operations. Muhammad Nizam emphasized the company’s commitment to returning over RM400 million annually to the nation by foregoing toll compensation, funds that could be redirected to other national priorities.
He stressed the importance of maintaining a healthy cash flow to meet debt obligations while balancing revenue growth and cost management. ALR’s efforts contribute to moving towards a ‘nominal toll era,’ and a robust partnership with authorities is expected to yield long-term benefits for both the public and the nation.
In April 2025, ALR completed its fifth sukuk profit payment, totaling RM130.96 million under its RM5.5 billion nominal value AAA-rated Senior Sustainable and Responsible Investment (SRI) Sukuk Murabahah programme. To date, ALR has repaid RM686.31 million in sukuk profit payments and RM335 million in sukuk principal repayments, totaling RM1.021 billion, which represents 13 percent of its total sukuk obligations of RM7.94 billion.