Status quo for PLUS

TheStar Thu, Jan 16, 2020 08:10am - 4 years View Original


PETALING JAYA: Khazanah Nasional Bhd and the Employees Provident Fund (EPF) will keep their hold of PLUS Expressways Bhd in view of reworking the toll agreement of the concessionaire with the government, said reports.

It was reported that the government has agreed to the restructuring of the tolled highways with a reduction in toll rates but with an extension of the concession period.

The government had not released an official statement on its decision but various news outlets had reported the outcome of the Cabinet decision.

Finance Minister Lim Guan Eng said this matter had been discussed in the Cabinet meeting yesterday and that an announcement would be made soon.

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