PLUS highway takeover decision next week


PLUS today operates eight expressways under five concessions. These concessions end in 2038. Its highways are the 772-km North-South Expressway which runs from Bukit Kayu Hitam to Johor Baru; the New Klang Valley Expressway; Federal Highway Route 2; the Seremban-Port Dickson Highway; the NSE Central Link; the Malaysia-Singapore Second Link; Lebuhraya Butterworth-Kulim and the Penang Bridge.

PETALING JAYA: The Cabinet has ordered the three main ministries back to the drawing board before it decides on the takeover of PLUS Malaysia Bhd, says a Works Ministry source.

The decision is now expected to be out next week, as the Works Ministry, Economic Affairs Ministry and Finance Ministry continue to iron out details on who or how to best manage the largest highway concessionaire in the country, said the source.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Malaysia can become a top-30 economy, says Abdul Wahid
CPE Technology acquires RM21mil worth of turning, milling machinery
Destini wins tubular running services contract
Ringgit closes slightly higher against US dollar ahead of key US data releases
Kelington unit to invest RM120mil in India ASU plant
Nestcon bags RM243mil Penang construction contract
Heineken Malaysia stays focused on growth amid challenging operating environment
Alam Maritim unit acquires RM13.3mil ROV
Borneo Oil chairman Tan Kok Chor passes away
SCIB wins RM24.6mil Sabah school reconstruction subcontract

Others Also Read