News about highway

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.

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.

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

KUALA LUMPUR (Dec 18): Highway operator WCE Holdings Bhd saw a 2.

PETALING JAYA (Dec 14): A bridge under construction in Pujut, Miri collapsed yesterday, injuring two workers, Malaysiakini reported today.

KUALA LUMPUR (Nov 15): WCE Holdings Bhd, the concessionaire of West Coast Expressway, announced yesterday that its rights issue of redeemable convertible preference shares (RCPS) with free warrants, to raise up to RM481.

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.

KUALA LUMPUR (Nov 9): Zecon Bhd’s auditor Messrs Crowe Horwath has highlighted a material uncertainty in the group’s financial statements for the financial year ended June 30, 2019 (FY19).

KUALA LUMPUR (Nov 8): Payment for the Pan Borneo highway project is not delayed and is expected to arrive as per the agreement with the works package contractors (WPCs), said Lebuhraya Borneo Utara (LBU).

KUALA LUMPUR (Nov 6): Gadang Holdings Bhd said it intends to participate in the open tender process for the three Pan Borneo Sabah packages — worth RM925 million — to be awarded next year, besides having submitted bids for some RM1 billion worth of construction jobs.