News About PLUS

Khazanah and PLUS will reveal details of toll restructuring initiative later

Jan 17

KUALA LUMPUR (Jan 17): Khazanah Nasional Bhd, which owns 51% in PLUS Malaysia Bhd, hailed the Cabinet’s decision not to sell the highway concessionaire to the private sector and reducing toll charges by 18% for passenger vehicles on all PLUS highways.

PMO: No toll hike on PLUS highways until 2058

Jan 17

KUALA LUMPUR (Jan 17): The Prime Minister's Office of Malaysia (PMO) said there will be no toll rate hikes on PLUS Malaysia Bhd's highways as PLUS' concessions will be extended for 20 years from 2038 to 2058.

‘PLUS concession restructuring entails RM7.5b securitisation’

Jan 17

KUALA LUMPUR (Jan 17): The restructuring exercise of PLUS Malaysia Bhd’s concession agreements to bring about toll rate reductions is believed to entail the securitisation of its future cash flow estimated at RM7.

IDEAS supports Cabinet decision to not sell PLUS, calls for divestment policy

Jan 16

KUALA LUMPUR (Jan 16): The Institute for Democracy and Economic Affairs (IDEAS) supports the Cabinet's decision to not sell Projek Lebuhraya Utara-Selatan (PLUS) Malaysia Bhd.

Cabinet decided PLUS will not be sold — sources

Jan 15

KUALA LUMPUR (Jan 15): The Cabinet had at its meeting today decided that highway concessionaire PLUS Malaysia Bhd will not be sold and will remain under its current shareholders Khazanah Nasional Bhd and the Employees Provident Fund (EPF), according to sources.

Khazanah: Govt has been engaging with us over PLUS

Jan 15

KUALA LUMPUR (Jan 15): The government has been engaging with PLUS Malaysia Bhd's shareholders over the objective of reducing toll for highway users.

Shahril Ridza: PLUS sale needs to be done properly via Khazanah, EPF

Jan 14

KUALA LUMPUR (Jan 14): Khazanah Nasional Bhd and the Employees Provident Fund (EPF) have never put highway concessionaire PLUS Malaysia Bhd up for sale and should the government decide to let go of PLUS, the next step is to conduct a formal engagement with the current shareholders.

After dispute settlement, CIMB and PLUS announce TNG RFID roll out next year

Nov 11

KUALA LUMPUR (Nov 11): CIMB Group Holdings Bhd and PLUS Malaysia Bhd announced today that their joint venture company, Touch n' Go Sdn Bhd (TNG), will be launching the RFID tag as an additional payment option for road users at all PLUS expressways across the country next year.

It is mind-boggling where PLUS money went, says Halim Saad

Nov 01

KUALA LUMPUR (Nov 1): Businessman Tan Sri Halim Saad, who wants to take over PLUS Malaysia Bhd, is questioning the financials of the highway concessionaire, including its high annual operating expenditure at RM1.