MARC has published a sector report on the domestic toll road industry, looking at MARC-rated concessionaires' performance and traffic trends two years into the COVID-19 pandemic. There is a strong correlation between policy responses to the pandemic and traffic flow.
MARC generally holds a stable outlook on the toll road concessionaires. We expect macroeconomic improvements and easing of travel restrictions to support a faster pace of recovery through 2022, with a return to pre-pandemic levels in 2023/2024.
The full report can be accessed here.
Ummi Kalsom Yaacub, +603-2717 2934/ firstname.lastname@example.org;
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