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PETALING JAYA: PLUS Malaysia Berhad (PLUS) is working with the government to "confirm the scope and mechanics of the toll reduction".
KUALA LUMPUR (Bernama): PLUS Malaysia (PLUS) has issued its Travel Time Advisory (TTA) for North-South Expressway (NSE) users ahead of the Chinese New Year celebration starting from Jan 20 to Feb 2, to reduce traffic congestion with volume expected to increase to two million vehicles daily.
PETALING JAYA: The public is unable to judge the Federal Government’s decision not to dispose Plus Malaysia Bhd, the country’s largest highway concessionaire, as a wise choice as there is little transparency in the way the deal was made.
FOR months, the question was who will get it. The bidding war for the prized asset that is PLUS Malaysia Bhd attracted bidders far and near, with many of the local personalities the ones that have eyed the expressway company before.
SOME might say that the hard part of the toll restructuring plan for PLUS Malaysia Bhd will now start. And given the implications of the various facets of the changes that need to be done, it will have far-reaching consequences for the public.
AFTER more than two years, TH Heavy Engineering Bhd finally got back into the good books of Petroliam Nasional Bhd (Petronas).
KUALA LUMPUR: PLUS Malaysia Bhd will be able to repay all its debts with the new extension to the toll concession period, says Tun Dr Mahathir Mohamad.
KUALA LUMPUR: The Employees Provident Fund (EPF), a shareholder of PLUS Malaysia Bhd and its Sukuk debts, said it will work with all parties involved to reduce toll rates as quickly as possible, while at the same time ensures that its interests are protected.
KUALA LUMPUR: Khazanah Nasional Bhd said it will work closely with the government and PLUS Malaysia Bhd on the toll restructuring initiative to ensure it is implemented effectively for the benefit highway users, as well as other key stakeholders including holders of PLUS’ debt.
KUALA LUMPUR: The Cabinet has decided that PLUS Malaysia Bhd, the country’s largest highway concessionaire, will not be sold to any bidders.