KUALA LUMPUR: The government’s decision not to sell off its stake in the North-South Expressway (PLUS) has come as a huge relief particularly to the millions of members of the Employees Provident Fund (EPF). PLUS is owned 49 per cent and 51 per cent respectively by government-linked entities UEM Group and EPF. MAJU Holdings sweetens the deal with a tempting offer of a “no toll hike” for the next 20 years until the end of the concession agreement in 2038. Prof Tan Sri Dr Noor Azlan Ghazali said the bad experience of the past when the government decided to part with strategic national assets should not be repeated. “In fact, even the compensation to be paid out for the abolition of tolls at these three highways will be ploughed back to the 14.5 million EPF members by way of dividend,” he said.

Source: New Strait Times November 05, 2017 09:45 UTC