Main Page  I  Northern  I  South  I  East  I  Central  I Sabah & Sarawak  I  Versi B. Melayu  I  BERNAMA.COM
 
 

Highway Concession Takeover: PLUS will wait for government's decision


Last Update: 25/06/2019




PETALING JAYA, June 25 (Bernama) -- The country’s largest expressway service provider, PLUS Malaysia Bhd (PLUS)  is willing to review the concession agreements should the government want to take over PLUS operated toll highways.

 “We are a concession company and we have signed agreements with the government. If the government wants to change (the agreements), we will look at it (proposal), in accordance with the agreement.

“We just have to wait what the government has to offer,” PLUS managing director Datuk Azman Ismail told reporters after the launch of its partnership with Microsoft here today.

He was responding to a question whether PLUS was open to toll concession takeover by the government.  

PLUS is the expressway arm of UEM Group which is a subsidiary of Khazanah Nasional Bhd. Both UEM and Khazanah collectively hold 51 per cent shares in PLUS while the remaining 49 per cent owns by the Employees Provident  Fund.

Previously, Khazanah said it would leave to PLUS to handle discussions if the government proposed to take over its toll expressways but would advise PLUS from time to time if there were any outcomes.

Last Saturday, Finance Minister Lim Guan Eng announced that the government had made a RM6.2 billion bid to take over four concessions of toll highways, which could save taxpayers RM5.3 billion in compensation to the concessionaires.

The four highways are Lebuhraya Damansara-Puchong (LDP), Sistem Penyuraian Trafik KL Barat (Sprint), Shah Alam Expressway (Kesas) and Smart Tunnel (Smart).

--BERNAMA


 



 
 
 
 
 
 
 
 
 
     
   
 

Sultan's Divorce: Kelantan government have no information

 
     

Students among plaintiffs in lawsuit over Sungai Kim Kim pollution

 
     

Illegal plastic factories, landfills to go in six months to one year - Zuraida

 
     

Divorce rate in Selangor on downward trend since 2016

 
     
 
     
 

.  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .

 
     
     
   
   
     
     
     
   
     
   
     
 

 
© 2019 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy| Security Policy
This material may not be published, broadcast, rewritten or redistributed in any form except with the prior
written permission of BERNAMA. Best viewed in Firefox 35.0.1 & Internet Explorer 8.0 with 1024 x 768 resolution