Government to review the 18% discount plan for Plus Highways
Jerrica · Aug 13, 2020 01:19 PM
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Image credit: KLSE Screener
The government has announced that they will be reviewing the 18 percent discount plan under the North-South Expressway Project (Plus). This is to reassess the impact the plan will have on the National Privatisation Policy.
The discount was first introduced by the previous Pakatan Harapan government under the leadership of Tun Dr. Mahathir in January 2020.
Image credit: The Malaysian Reserve
In the report, the government announced that they will not be selling Plus Highways and instead will implement discounts up to 18 percent on toll fares starting from February 2021. The plan will also mean that Plus toll fares will maintain its fare amount until 2058.
Works Minister, Datuk Seri Fadillah Yusof, said that the government has to take into consideration how the impact of reducing toll fares will affect other highways in Malaysia including those that are still under construction.
He added that the 18 percent discount on Plus toll fares that will not be applied on other highways will highly likely affect the National Privatisation Policy.
Highways that are will be affected by the review are:
North-South Expressway (NSE)
New Klang Valley Expressway (NKVE)
North-South Expressway Central Link (ELITE)
Malaysia-Singapore Second Link (LINKEDUA)
East Coast Expressway (LPT 2)
Seremban-Port Dickson Highway (SPDH)
Butterworth-Kulim Expressway (BKE)
Penang Bridge Expressway (JPP)
Fadillah also refused to reveal if this will mean an increase in Plus Highway toll rates as the Cabinet meeting has yet to address the matter.
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