SIBU (Jan 23): The construction of the Pan Borneo Highway project is expected to run smoothly with the handing-over of the project to Sarawak Public Works Department (PWD) by Lebuhraya Borneo Utara Sdn Bhd (LBU) next month.
KUALA LUMPUR (Jan 23): The government's decision to restructure PLUS Malaysia Bhd's toll concession not only enables motorists to enjoy an 18% toll reduction, but all parties concerned will benefit from as much as RM1.
KUALA LUMPUR (Jan 23): The restructuring of PLUS Malaysia Bhd's (PLUS) highway toll rates starting Feb 1 will be the first time in the history of the highway concessionaire in which toll rates have been reduced without the government having to make compensation, in the process saving RM26 billion for the benefit of the people and for economic development.
KUALA LUMPUR (Jan 22): Mudajaya Group Bhd has bagged a RM31.
KUALA LUMPUR (Jan 20): The cabinet's decision to retain the ownership of PLUS Malaysia Bhd is a positive for Gamuda Bhd, as this will be seen as consistent with the government's previously announced plan to take over the four highways held by Gamuda, said Kenanga Investment Bank Bhd Research.
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.
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.
KIMANIS (Jan 16): Works Minister Baru Bian will emphasise the three crucial road development plans for Sabah and Sarawak in order to provide better connectivity for the people and to further boost economic development in both states.