Freeway concessionaire PLUS says it’s prepared to evaluate the concession agreements ought to the federal government wish to take over PLUS-operated tolled highways. In keeping with its MD Datuk Azman Ismail, PLUS is open to a toll concession takeover by the federal government, as Bernama experiences.
“We’re a concession firm and we have now signed agreements with the federal government. If the federal government desires to alter (the agreements), we’ll have a look at it (proposal), in accordance with the settlement. We simply have to attend what the federal government has to supply,” he stated in response to a query posed over the matter.
The concessionaire is the expressway arm of UEM Group, which is a subsidiary of Khazanah. Each UEM and Khazanah collectively maintain a 51% share in PLUS, with the rest owned by the Workers Provident Fund (EPF). Beforehand, Khazanah stated it could go away it to PLUS to deal with discussions if there was a proposal by the federal government to take over its toll expressways, however would advise PLUS on occasion.
The query a couple of potential takeover for PLUS comes after final week’s resolution by the federal government to take over 4 concessions of toll highways, particularly the Lebuhraya Damansara-Puchong (LDP), Sistem Penyuraian Trafik KL Barat (Dash), Shah Alam Expressway (Kesas) and the Good Tunnel, to the tune of RM6.2 billion.
Whereas not eliminating tolls utterly on the 4 routes, finance minister Lim Guan Eng stated commuters utilizing these 4 highways will save as a lot as RM180 million yearly within the swap to a congestion cost system. He added that the transfer can be set to avoid wasting taxpayers RM5.three billion in compensation to the concessionaires.
The put up PLUS open to freeway concession takeover from gov’t appeared first on Paul Tan’s Automotive Information.