Nationalise the Malaysian highways
So the government has put off the highway toll hike to the end of the year.
But before you rejoice, think about this: the government will have to pay RM287m in compensation to the concessionaires:
- Plus – RM195m
- Sprint – RM36m
- Akleh – RM27m
- Besraya – RM9m
- NPE – RM20m
That’s our money going straight into the concessionaires’ pockets. Easy money for doing nothing.
By the way, Plus Expressways Berhad made a profit before tax of RM1.5 billion for the year ended 31 December 2008 – up from RM1.3 billion the previous year.
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