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Malaysia: Govt has no plans to sell toll roads
Malaysian government does not plan to sell any of its toll roads, Minister in the Prime Minister’s Department Nor Mohamed Yakcop was quoted by a local business daily as saying.
Nor Mohamed was responding to questions regarding a report that said private entity Asas Serba Sdn Bhd was to meet Prime Minister Najib Razak on its proposal to consolidate the management and operations of all highway concessionaire companies in the country, including PLUS Expressways Bhd and Lingkaran Trans Kota Holdings Bhd, in a deal estimated at 50 billion ringgit (1$=3.5 ringgit).
It is reported that Asas Serba would be able to reduce toll charges by some 20 percent after the consolidation while lessening the Government’s subsidies by some 114 billion ringgit but to do so it might need to seek a longer concession period.
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