30 Nov '15, 9am

PLUS allowed to raise toll rates starting next year – 5% hike every three years until 2038 https://t.co/tuQLbagUuF

It appears that PLUS Expressway’s holding out against the recent widespread toll rate increases may only be short-lived, as the highway concessionnaire has been allowed to raise prices by as much as 5% next year under the revised agreement terms, according to The Star . What’s more, deputy works minister Datuk Rosnah Rashid Shirlin told the parliament that PLUS will be allowed to increase charges at that rate every three years, until the end of the extended concession period in 2038. These new terms, however, did not include the Penang Bridge, also managed by PLUS, she added. “However, the government will have a right to study PLUS’ application to increase toll rates after considering the Consumer Price Index and certified traffic volume audit,” she said. “This means that there will not be an automatic toll hike.” Rosnah added that PLUS’ post-tax profit amounted to just RM...

Full article: http://paultan.org/2015/11/30/plus-allowed-to-raise-toll-...

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channelnewsasia.com 30 Nov '15, 2am

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Eight highways entitled to increase toll rates ...

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We want you to have the best New Years Eve ever. Join us and celebrate the New Year!

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