KUALA LUMPUR, March 10 – The decision to raise the toll charge on highways managed by Plus Malaysia Bhd will be known by June, said UEM Group Bhd Group Managing Director/Chief Executive Officer Datuk Izzaddin Idris.He told this in press conference at UEM Group’s 50th anniversary celebration here today.
Plus, the expressway arm of UEM Group, has five highway concessions: the PLUS expressways (North-South Expressway (NSE), New Klang Valley Expressway (NKVE), Federal Highway Route 2 (FHR2), Seremban Port-Dickson Highway), North-South Expressway Central Link (NSECL), Malaysia-Singapore Second Link (MSSL), Butterworth-Kulim Expressway (BKE), and the Penang Bridge.
He said the discussions are currently ongoing between us and the Works Ministry, which must be concluded before June. Under the concession agreement, Plus would review rates every three years, for the entire duration of the concession which ends in December 2038.
In the meanwhile, when asked on the outcome of the tender for the Pan Borneo Highway, he said an announcement would be made soon. The UEM Group also teamed up with MMC Corp and a Sabah company to tender for the Sabah component of the project.
