KUALA LUMPUR: The decision to raise toll charges on highways managed by PLUS Malaysia Bhd will be known by June, said UEM Group Bhd chief executive officer Datuk Izzaddin Idris (pic).
PLUS, the expressway arm of UEM Group, is the concessionaire for the North-South Expressway (NSE), New Klang Valley Expressway (NKVE), Federal Highway Route 2 (FHR2), Seremban Port-Dickson Highway, North-South Expressway Central Link (NSECL), Malaysia-Singapore Second Link (MSSL), Butterworth-Kulim Expressway (BKE), and the Penang Bridge.
"Discussions are currently ongoing between us and the Works Ministry, which must be concluded before June," he told a press conference.
Under the concession agreement, PLUS would review rates every three years, for the entire duration of the concession which ends in December 2038.
On the outcome of the tender for the Pan Borneo Highway, Izzaddin said an announcement would be made soon.
The UEM Group teamed up with MMC Corp and a Sabah company to tender for the Sabah component of the project.
