Selling off PLUS raises questions

It comes as quite a surprise that the government is considering selling off its stake in North-South Expressway toll concessionaire PLUS to Maju Holdings.That is fishier than the pekasam sold in wet markets nationwide.

If the government is looking for a good deal to manage the highways, perhaps it should call in Halim Saad, who made a better offer in 2014 to buy PLUS and others for RM50 billion, forego government assistance, and offer discounted rates for everyone. But at the same time, you have to wonder – after promising to abolish tolls altogether in its manifesto, why make a move to further extend them?

Furthermore, how will this help the government’s move to federalise the toll concessions to convert these into congestion charges, which is already being conceptualised and implemented in the Greater Klang Valley?

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