Comment by Liew Chin Tong on toll rates The announcement by PLUS Malaysia Bhd to reduce its toll rates by 18% is in line with Pakatan Harapan’s two-step election promise to (a) renegotiate unfair toll concessions, and (b) to gradually take over and eventually abolish tolls.
KUALA LUMPUR (Oct 31): The competition for toll roads is heating up.
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.
PUTRAJAYA (May 27): Prime Minister Tun Dr Mahathir Mohamad said that there has yet to be a decision made on reducing toll rates in the country.
PETALING JAYA (March 2): The planned state highway takeover of concessions owned by Gamuda Bhd has some observers saying that it is a step in the right direction for the Pakatan Harapan government in fulfilling promises from their election manifesto.
KUALA LUMPUR (October 5): Following its deferment of toll abolition, the government is now considering giving rebates or discounts for road users, as well as extending the concessions for tolled roads, to bring down toll rates, according to Works Minister Baru Bian.
KUALA LUMPUR (September 27): RAM Ratings has downgraded the long-term rating of MRCB Southern Link Bhd’s RM845 million senior sukuk to C1 from BB3 on heightened default risk following the abolishment of toll collections at the Eastern Dispersal Link (EDL) which is being taken over by the government.
PETALING JAYA (Sept 24): The government will continue to compensate highway concessionaires for not raising their toll fares as it seeks to fulfill its election promise of abolishing tolls, said special officer to the Finance Minister Tony Pua.