Lower toll rates ahead?

PETALING JAYA: The Employees Provident Fund, together with Khazanah Nasional Bhd’s wholly-owned UEM Group Bhd, is likely to make an offer to acquire the entire assets and liabilities of PLUS Expressways Bhd in a deal which values the highway operator at some RM23bil or close to RM4.60 per share.

However, it is believed that talks were still ongoing till late yesterday and the deal’s final outcome (as at press time) remained fluid on the takeover of PLUS, which is hoped will pave the way for the restructuring of the toll concession agreement (CA) to allow for “more equitable and fair” toll rate increases in future.