Projek Lebuh Raya Utara-Selatan (Plus), which owns the country’s most lucrative highway concession, has agreed to restructure toll rates, says Works Fadillah Yusof.     

He said the restructuring would involve amendments to the existing concession agreement in order to make it more favourable to the public.

“Plus has agreed to restructure toll rates and this means amending the existing agreement taking into account the peoples' interest,” he told reporters in Kuching yesterday.

Plus, which operates several highways including the 772km North-South Expressway, was taken private in 2012 by a joint venture between government-linked companies, the Employees Provident Fund and UEM Group Bhd.

Fadillah said toll hikes were automatic every three or five years under the present concession but, under the restructuring, Plus has to explain the rationale and basis for any future hike.

“The government will study and determine if a request for toll hike is justified based on Plus’ entire cost structure,” he added.

- Bernama