PLUS finalising mechanism for lower toll rates


  • Construction
  • Tuesday, 21 Jan 2020

KUALA LUMPUR: PLUS Malaysia Bhd is finalising the mechanism for reducing its toll rates in light of the government’s recent decision not to sell the country’s largest highway concessionaire to any bidders

“This is to confirms the status of the existing concession agreement and takes into account the interests of PLUS’ sukuk holders, ” said PLUS chairman Datuk Mohamad Nasir Ab Latif in a statement.

Last week, the Cabinet decided that PLUS would remain with its shareholders, Khazanah Nasional Bhd and the Employees Provident Fund, which own 51% and 49% respectively.

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PLUS Malaysia , toll rates

   

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