PLUS highway takeover decision next week

TheStar Thu, Jan 09, 2020 05:20pm - 4 years View Original


PLUS today operates eight expressways under five concessions. These concessions end in 2038. Its highways are the 772-km North-South Expressway which runs from Bukit Kayu Hitam to Johor Baru; the New Klang Valley Expressway; Federal Highway Route 2; the Seremban-Port Dickson Highway; the NSE Central Link; the Malaysia-Singapore Second Link; Lebuhraya Butterworth-Kulim and the Penang Bridge.

PETALING JAYA: The Cabinet has ordered the three main ministries back to the drawing board before it decides on the takeover of PLUS Malaysia Bhd, says a Works Ministry source.

The decision is now expected to be out next week, as the Works Ministry, Economic Affairs Ministry and Finance Ministry continue to iron out details on who or how to best manage the largest highway concessionaire in the country, said the source.

A decision was expected to be made yesterday. However, with the complicated nature of the deal, the deadline had to be extended by another week.

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