The country’s largest expressway service provider, Plus Malaysia Bhd is willing to review the concession agreements should the government want to take over Plus operated toll highways.

"We are a concession company and we have signed agreements with the government. If the government wants to change (the agreements), we will look at it (proposal) per the agreement.

"We just have to wait to see what the government has to offer," Managing director Datuk Azman Ismail (photo, above) told reporters after the launch of its partnership with Microsoft today.

He was responding to a question on whether Plus was open to the toll concession takeover by the government.

Plus is the expressway arm of UEM Group, a subsidiary of Khazanah Nasional Bhd. Collectively, UEM and Khazanah hold a 51 percent share in Plus, and the remaining 49 percent is owned by the Employees Provident Fund.

Previously, Khazanah said it would leave it to Plus to handle discussions if the government proposed to take over its toll expressways, but it would advise Plus from time to time if there were any outcomes.

Last Saturday, Finance Minister Lim Guan Eng announced that the government had made a RM6.2 billion bid to take over four concessions of toll highways, which could save taxpayers RM5.3 billion in compensation to the concessionaires.

The four highways are Lebuhraya Damansara-Puchong (LDP), Sistem Penyuraian Trafik KL Barat (Sprint), Shah Alam Expressway (Kesas) and Smart Tunnel (Smart).

- Bernama