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At the tabling of the Malaysian Budget 2020 (Bajet 2020), it has been announced that PLUS Malaysia will offer a minimum reduction of average toll charges by 18% discount for all its highways from 2020.
The move would save highway users up to RM1.13 billion in 2020, and RM43 billion over the entire concession period until 2038, according to finance minister Lim Guan Eng.
Aside from this major announcement, the Pakatan Harapan government also stated that it remained committed to abolish toll collection, as prescribed in its manifesto. However, this will be done gradually, with proper negotiations necessary to ensure the best price when taking over every toll concession.
In relation to this, the government will consider all proposals, including those from Khazanah Nasional, to acquire or dispose all shares of PLUS Malaysia. Recently, several non-governmental entities have expressed their interest to purchase the toll concessionaire, although no offers have been accepted so far.
Currently, ownership of the concessionaire is shared between UEM Group – a subsidiary of Khazanah – and the Employees Provident Fund (EPF). The former holds a 51% share in PLUS, with the remaining 49% owned by EPF.