PLUS likely to restructure bonds

PETALING JAYA: The upcoming restructuring of Projek Lebuhraya Utara-Selatan (PLUS) Malaysia Bhd’s concession to enable a 18% toll rate cut and an extension to the toll period may be the benchmark deal for toll reduction plans involving other highways in Malaysia.

RAM Rating co-head of infrastructure and utilities ratings Davinder Kaur said a sector-wide toll rate reduction will have to take into account the government’s limited fiscal space and the potential financial burden.