Putrajaya faces RM7.5b toll freeze bill
By Lee Wei Lian, The Malaysian Insider
KUALA LUMPUR, Oct 18 – Toll highway operator PLUS Expressways Bhd could be compensated as much as RM5 billion over the next five years for not raising toll rates, UEM said today.
The highway concessionaire is also owed about RM2.5 billion from previous compensation as at June 30.
The Employees Provident Fund (EPF) and UEM Group Bhd (UEM), which have proposed to privatise PLUS for RM23 billion, are also opening discussions with the government to restructure the toll concession agreement.
The deal to privatise Plus could be completed within 8-12 months.
