28 Jul '15, 2am

PLUS toll rate review in 2016, 5% increase expected

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 in...

Full article: http://paultan.org/2015/07/28/plus-toll-rate-review-in-20...

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