KUALA LUMPUR – The 18 percent discount on all private vehicles using the PLUS Malaysia Berhad (PLUS) tolls will commence on 1 February.
The rate will apply to the North South Expressway, New Klang Valley Expressway (NKVE), North–South Expressway Central Link (ELITE), Malaysia – Singapore Second Link Expressway (LINKEDUA), East Coast Expressway 2 (LTP2), Seremban-Port Dickson Highway (SPDH), Butterworth – Kulim Expressway (BKE) and the Penang Bridge.
In a statement today, the Prime Minister’s Office said that the government’s decision to maintain the stakes of Khazanah Nasional Berhad and the Employees Provident Fund (EPF) in PLUS enables the toll rate to be fixed with no increment for 38 years (2020 – 2058), until the concession ends.
The extension of 20 years of the concession beginning 2038 is to ensure PLUS is able to conduct maintenance and the operation of the expressways without depending on the government.
The government will no longer bear the compensation to PLUS, thus saving about RM42 billion throughout the concession period.
PLUS will also remain as the operator and will continue to hold assets and liabilities of the company and manages its operational and maintenance costs.
“The government is confident that the decision will greatly benefit the people through the reduction of toll rate and at the same time, enables PLUS to continue its operation with sound financial position.
“The RM42 billion savings can be utilised by the government for initiatives which can benefit the people.
“The implementation of the rate reduction is subjected to the approval from the stakeholders of PLUS,” the statement said.
According to the statement, the latest toll rate will be lower than the toll rate in 1999 (11.24 sen / km).
This also meant that the toll rate from Jalan Duta to Alor Setar would be fixed at RM45.50 compared to the current RM55.50. Meanwhile, the toll rate from Jalan Duta to Skudai will be reduced to RM38.50 compared to RM47.00.
Yesterday, Prime Minister Tun Dr. Mahathir Mohamad announced that the government will not sell PLUS to anyone and will maintain Khazanah and EPF’s stake holding in the largest highway concessionaire in Malaysia. -MalaysiaGazette