At the tabling of the Malaysian Budget 2020 (Bajet 2020), it has been announced that PLUS Malaysia will offer a minimum reduction of average toll charges by 18% discount for all its highways from 2020.
The move would save highway users up to RM1.13 billion in 2020, and RM43 billion over the entire concession period until 2038, according to finance minister Lim Guan Eng.
Aside from this major announcement, the Pakatan Harapan government also stated that it remained committed to abolish toll collection, as prescribed in its manifesto. However, this will be done gradually, with proper negotiations necessary to ensure the best price when taking over every toll concession.
In relation to this, the government will consider all proposals, including those from Khazanah Nasional, to acquire or dispose all shares of PLUS Malaysia. Recently, several non-governmental entities have expressed their interest to purchase the toll concessionaire, although no offers have been accepted so far.
Currently, ownership of the concessionaire is shared between UEM Group – a subsidiary of Khazanah – and the Employees Provident Fund (EPF). The former holds a 51% share in PLUS, with the remaining 49% owned by EPF.
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If follow previous corrupted Gomen, I think by 2020, Toll sure rise 30%
Syukur syukur syukur
inb4 previous Gomen tutup tol Federal Highway, current Gomen kene bayar compensation RM2.7B
previous PM bossku terbaik…
If follow previous corrupted Gomen, all tolls were removed…. oh wait, that was janji from current corrupted Gomen but that was just to win votes. They had no intention to remove tolls unlike PM Najib.
Cukur kepala hotak.
Cut down subsidy of Uni to support toll reduxtion. Potong sini tambah sana. What can the bungalow man do?
See who are the workers in PLUS and all the toll companies plus all the toll booths…..they need the jobs.
Otherwise, tolls by now can be abolished.
“Seperti dijanjikan, harga kereta akan diturunkan secara berperingkat hingga 2017.” – Oh waittt… sori tersosol. berperingkat hingga 2020
the entire concession period until 2038??? Concession fomular should be :
toll rate X number of cars = profit(land,operation&infra cost)
not
toll rate X year = profit (land,operating&infra cost)
It’s simple mathematic
i shall wait and see how this will actually work out…..in time
Siapa Bapa Toll Lebuhraya?
What about eidening the north south expressway to three lanes each way ftom sg siput to ipoh, changkat jering to juru, sg petani to sg dua and jb to kulai
When can abolish toll? As write in manifesto GE14?
Since it is majority owned by epf, abolish toll and no epf pay out for you when you are old. Can or no?
Sure can! Just take the money and invest into something else. Pizi said dy, can abolish toll without compensation wat!