By stating a time frame, the implied view of many is that the toll rate reduction would take effect starting from January.
Two developments in the last three weeks have been quite telling on the fate of PLUS Malaysia Bhd and other highway concessionaires in the country.
Firstly, Finance Minister Lim Guan Eng surprised everyone with the announcement of an 18% toll rate reduction on highways under PLUS. He said that the reduction in toll rates would save highway users RM1.13bil next year and RM43bil until 2038 when the concession ends.
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