An average 50 per cent of the PLUS toll revenue was used for loan repayments, 20 per cent for operations and maintenance, 15 to 20 per cent for upgrading and repairing work and 10 per cent as returns to shareholders. Besides lighting up the entire network, he wanted to introduce “double decking” or elevated highways to lessen traffic congestion, especially on the Federal Highway. However, with MEX, we have demonstrated that building elevated highways is part of our (Maju’s) expertise,” he said. It had sent its offer in a non-binding letter of intent via Evercore Asia Ltd.PLUS’ current concessions are Projek Lebuhraya Utara-Selatan Bhd, Expressway Lingkaran Tengah Sdn Bhd, Linkedua (M) Bhd, Konsortium Lebuhraya Butterworth-Kulim Sdn Bhd and Penang Bridge Sdn Bhd. We can build roads from the main highways into these new developments under our property unit, Maju Assets Sdn Bhd,” he said.

Source: New Strait Times September 15, 2017 02:03 UTC