Major revenue losses seen for toll road operators

Police traffic roadblock at the PLUS highway near the Duta toll plaza during Movement Control Order to ensure the Covid-19 does not spread.

KUALA LUMPUR: Malaysian Rating Corp (MARC) sees major revenue losses across MARC-rated highway operators since the imposition of the movement control order (MCO) on March 18.

The rating agency said in a statement the impact from the Covid-19 outbreak and the ensuing MCO has created a challenging environment for the toll road sector.