News about highway

KUALA LUMPUR (Oct 22): Although the government prefers to stay out of business and is willing to divest its stake in PLUS Highway, Prime Minister Tun Dr Mahathir Mohamad said the offers by the private sector so far are not attractive enough.

PETALING JAYA (Oct 17): What can be developed on the site of the former Employees Provident Fund (EPF)’s PJ office (pictured)? The Edge Malaysia spoke to some valuers for their views and they said “apart from an outright sale, EPF can redevelop the site or repurpose it”.

KUALA LUMPUR (Oct 18): Malaysian Rating Corp Bhd (MARC) has downgraded MEX II Sdn Bhd’s RM1.

KUALA LUMPUR (Oct 14): The government will be opening up RM925 million worth of packages for the Sabah portion of Pan Borneo Highway in the first quarter of next year (1Q20).

KUALA LUMPUR (Oct 10): Integrated facility management and construction outfit Widad Business Group (WBG) has offered to buy the PLUS Expressways Bhd's concessionaires by taking over 51% of Khazanah Nasional Bhd's shares for RM1.

KUALA LUMPUR (Oct 7): Prime Minister Tun Dr Mahathir Mohamad said today the Malaysian government can consider private sector proposals to reduce highway tolls because the government is unable to eliminate these charges immediately due to the high expenses involved.

KUALA LUMPUR (Sept 28): Gamuda Bhd returned to the black in the fourth financial quarter ended July 31, 2019 (4QFY19), posting a net profit of RM184.

KUALA LUMPUR (Aug 30): Kimlun Corp Bhd's net profit rose 36.

Construction sector Maintain market weight: The New Straits Times has reported that the government is planning to acquire 15 highways nationwide for RM43 billion via issuing debt to the concessionaires.

KUALA LUMPUR (Aug 21): A high-level meeting of government officials is believed to take place as soon as tomorrow to map out the plan on the highway concessions in the country moving forward.