Maju Holdings Sdn Bhd's revived bid to take over Plus Malaysia Bhd – the biggest highway operator in the country – appears to be causing some friction in Putrajaya.
Eventually, the BN administration expressed doubt about the viability of the proposal and rejected it. Plus if things went south.Works Minister Baru Bian, who oversees public infrastructure, told reporters yesterday that his ministry had received the firm's, Maju Holdings is offering RM3.5 billion for Plus, and will assume its debts of about RM30 billion.
It is believed that the appeal of Maju Holdings' deal is that it will eliminate government compensations in lieu of toll charge increases, and also meet political objectives of reducing toll rates gradually.However, Prime Minister Dr Mahathir Mohamad had gone on record to say that Finance Minister Lim Guan Eng was not interested in the proposal..
Mahathir also signalled his doubt over whether the government could nationalise all the highways in the country."I don't know. He seems to think that he can take the highways and charge during the rush hour collect tolls.This was likely in reference to the Lim-initiated experiment of nationalisingThe plan was to finance the nationalisation process by levying a congestion charge.
saladinMY Its a bad bad deal from an almost bankrupt Maju Holdings
Mk
Buying back 4 highways and a tunnel from a private concessionaire Gamuda ... And now allowing another private entity to buy over GLC most prized highway pakatanharapan_ gone 'insane' ? chedetofficial anthonyloke guanenglim
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