There will be no increase in PLUS toll rates this year, but these will be up for review in 2016, with a 5% hike to be expected, The Star reports. The final increase in the toll rate will be subject to government approval.
A source told the publication that there would be no revisions to the highway concessionaire’s toll rates this year. “For sure, there will be no toll rate hike this year as stated in the concession agreement when PLUS Expressways Bhd (PEB) was privatised at the end of 2011. And the toll for Penang Bridge will remain the same,” the source was quoted as saying.
The privatisation brought about a revised concession agreement, where PLUS agreed to waive RM6.2bil of compensation claims due from the government then. It also allowed for scheduled toll hikes of 5% every three years from 2016, a reduction from the 10% in the previous agreement.
Speculation of an increase in toll rates first surfaced in May. There has been no increase in the rates for the last 10 years, and highway concessionaires have stated that a hike is necessary. The Malaysian Association of Highway Concession Companies (PSKLM) said the move would give concessionaires a better ability to absorb maintenance, overheads and financing costs.
In November last year, a report indicated that the government was expected to pay RM558.69 million in compensation to highway concessionaires this year as a result of the decision not to raise toll rates at 20 highways. Deputy Works Minister Datuk Seri Rosnah Abdul Rashid Shirlin was reported to have stated that 17 expressway operators will receive compensation this year – the Works Ministry has approved the payment of RM458 million so far.
Meanwhile, a hike in light rail transit (LRT) and monorail fares – which have not been increased in 12 years – has also been speculated, but the Land Public Transport Commission (SPAD) said that it had no intention to increase the LRT and Putra monorail line fares. The commission has said the current fare will be maintained until it makes a final decision on the matter.
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This year 5%, next year 5%, the year after another 5% and so on!
Where’s the so-called “toll reduction” promised by our beloved PM?
OMG…toll fees always increase,we pay too …but nvm, still need to face the jam caused by all these tolls…Fxxx the P…KNNCCB.
This naik, that naik. End up people are harder to change car now.
Getting a car for long run… you won’t go wrong with Toyota.
In mention take a percent count coming fair hike, let see what eventually they come up with thier gunius math equations. “Life is like a straw it sucks.”
haiyo every 3 years 5% liao not every year la
Always the same excuses, if don’t increase tolls must compensate RM500 million to the concessionaires. Why is the Goverment so stupid to have such a agreement with “them”. You figure out why. Or may be compensated because of “them”. Who are the ones benefiting? Rakyat is the ones suffering.
Rakyat per capita income earning v hi,no corruption,ringgit value all time hi,hi reserves in usd,no issue to increase toll.
Disgusting n really pathetic.God pls save our malaysia
LRT belongs to the Govt! Why can’t they absorb the cost since they are encouraging the rakyat to use public transport. The Govt means our money too.
Take a look at Beijing. All train rides only cost RMB2 (about RM1) no matter where u go. Simple. No need to go for study tour. Just common sense.
Harga tol naik, use the money to upgrade your toll system quickly instead of always keluarkan nonsensical bonus (%) untuk staff.
Upgrade your toll system to Gantry non-stop system. Your toll system is one of the root cause of jams on the road
Dear PM, where is your promise to Rakyat. Plus is a good earning company and under government control so don’t tell us Government need to pay penalty if not allow them to hike to toll rate.
Hargo barang naik, toll nail, harga kereta not turun as promise, petrol price naik, riggit drop like shit.
So where is Janji ditepati and Rakeyat Didahulukan??????
WTF, I still remember last time when they proposed to take over the PLUS highway.. Their objective stated in their take over proposal & promises to user at press conference, New JV Operator will not increased toll rate till concession expired.. Now they want to increased toll rate????????
oh yea…squeeze squeeze money fr rakyat b4 he get caught soon