PLUS concession extension not finalised yet


THE decision to extend PLUS Malaysia Bhd’s toll concession period until 2058 has yet to be finalised, says Deputy Works Minister Datuk Eddin Syazlee Shith.

He said many “sensitive” issues were still being considered, including toll rates, concession period, the government’s and rakyat’s debts as well as the responsibility of the concessionaire.

“Among the matters being looked into are the revenue projection terms between the company and the government.

“This agreement with PLUS is still under discussion and has yet to be decided as of today, ” he said in reply to a supplementary question from Datuk Seri Mahdzir Khalid (BN-

Padang Terap) during Question Time.

Mahdzir had asked the ministry about the status of its discussion with PLUS on whether to extend its concession period until 2058 as agreed upon during the Pakatan Harapan administration.

Former prime minister Tun Dr Mahathir Mohamad had said PLUS would be given a 20-year extension of the toll concession.

PLUS is the largest highway concessionaire in Malaysia.

To the original question, Eddin said the government was still studying and reviewing all options to acquire highway concessionaires in order to reduce its financial burden and balance it with the needs of users.

He said the government’s financial burden would also involve its impact on the economy, investor confidence within and outside the country as well as the government’s financial capabilities.

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PLUS , concessionaire , toll , Works Ministry

   

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