KUALA LUMPUR: PLUS Highway Bhd is owned by the government and the Employee Provident Fund (EPF), not by private “cronies” as claimed by DAP secretary-general Lim Guan Eng. Works Minister Datuk Seri Fadillah Yusof said the government had privatised PLUS Highways Bhd in 2011 in order to rationalise the overall toll structure of all the highway concessions in PLUS Group and to prevent unnecessary toll increases. “EPF's ownership of PLUS Highways allows its members to receive a stable return every year from a mature cash-generating asset,” he said in a statement today. “Malaysia's road tax charges are among the lowest in the world where the majority of car owners pay only RM90 a year. “This includes about RM500 million to Selangor this year while Penang received RM94.4 million in 2014, RM101.5 million in 2015 and RM107.6 million for 2016 from the Federal government.

Source: New Strait Times November 03, 2016 05:56 UTC