Buy first (with bank loan), worry later. If cannot make it then sell back to Gomen. This is the usual modus operandi.

The company had also cited its cost-effective management of the MEX Highway.

“In fact, we have one of the lowest costs per kilometre in the country. As such, we are confident we will be able to reduce maintenance costs for PLUS,” it said.

Buy first (with bank loan), worry later. If cannot make it then sell back to Gomen. This is the usual modus operandi.

he not shiok the cronies take the extra markups lor for resurfacing the roads eventhough it cost 3 times less for him to do the same..just name the cronies la for resurfacing the roads.

Abu Sahid meanwhile said the government’s decision to keep PLUS was “stupid”, adding that Khazanah was “stealing money”.
https://www.freemalaysiatoday.com/category/...n-to-keep-plus/
Abu Sahid Mohamed of Maju Holdings called the decision “stupid”, and questioned why it was not conveyed to him despite his company being invited to make an offer.
They must remember I was invited to quote, to bid. Not like other people who just entered without invitation,” he said.

He went on to call for the Malaysian Anti-Corruption Commission (MACC) to investigate Shahril.

He said his company’s cost of resurfacing highways was only one-third of Khazanah’s cost.

“They are paying RM58 per metre square for resurfacing the road. I am paying RM18.”

In its amended proposal in October last year, Maju Holdings had offered to buy PLUS for RM34.9 billion including debt.

The company said it would be able to reduce toll charges by 25% to 36%, adding that it was not seeking financial compensation from the government for the reduction.

The company had also cited its cost-effective management of the MEX Highway.

“In fact, we have one of the lowest costs per kilometre in the country. As such, we are confident we will be able to reduce maintenance costs for PLUS,” it said.

Meanwhile ....
PLUS would be given 20-year extension of toll concession ... 18 years + 20 years = 38 years  wadepak!!! wadepak!!!

“Why do they pay that [high] price? Not because they are stupid but because they have layers and layers and layers, from PLUS, they give it to Propel (Projek Penyelenggaraan Lebuhraya Bhd), then to UEM Edgenta (Bhd), so many other companies (all within the UEM and Khazanah stable). By the time it goes to the guy who really does the job, there is just skin,” Abu Sahid says.

pandai cakap, resurfacing work ask Khazanah sub to you, but make sure you provide 5 years warranty. RM18 maybe can only last 1 year.

taxpayers fund khazanah and KWSP who in turn own PLUS - 51% and 49% respectively

and we pay tolls to PLUS so they return some 'crumbs' to KWSP as dividends, the rest is siphoned off

better than ah long biz

Wah RM58 and RM18

sooo much different

songlap besar

Abu Sahid meanwhile said the government’s decision to keep PLUS was “stupid”, adding that Khazanah was “stealing money”.
https://www.freemalaysiatoday.com/category/...n-to-keep-plus/
Abu Sahid Mohamed of Maju Holdings called the decision “stupid”, and questioned why it was not conveyed to him despite his company being invited to make an offer.
They must remember I was invited to quote, to bid. Not like other people who just entered without invitation,” he said.

He went on to call for the Malaysian Anti-Corruption Commission (MACC) to investigate Shahril.

He said his company’s cost of resurfacing highways was only one-third of Khazanah’s cost.

“They are paying RM58 per metre square for resurfacing the road. I am paying RM18.”

In its amended proposal in October last year, Maju Holdings had offered to buy PLUS for RM34.9 billion including debt.

The company said it would be able to reduce toll charges by 25% to 36%, adding that it was not seeking financial compensation from the government for the reduction.

The company had also cited its cost-effective management of the MEX Highway.

“In fact, we have one of the lowest costs per kilometre in the country. As such, we are confident we will be able to reduce maintenance costs for PLUS,” it said.

Meanwhile ....
PLUS would be given 20-year extension of toll concession ... 18 years + 20 years = 38 years  wadepak!!! wadepak!!!

Aiya, cause Khazanah owned by government mah.
You accuse Khazanah stealing money is like saying government stealing money??

On the other hand, Maju owned by you. All the profit will go to you not government.

“Why do they pay that [high] price?
https://www.theedgemarkets.com/article/plus...says-abu-sahid#

Not because they are stupid but because they have layers and layers and layers, from PLUS, they give it to Propel (Projek Penyelenggaraan Lebuhraya Bhd), then to UEM Edgenta (Bhd), so many other companies (all within the UEM and Khazanah stable). By the time it goes to the guy who really does the job, there is just skin,” Abu Sahid says.

“PLUS’ contractors are the same ones that DUKE (Duta-Ulu Kelang Expressway) uses, the same ones that we (MEX) use, it’s the same people that do the job, be it the slopes, roadworks, landscaping … it’s the same people,” he adds, explaining how he knows what goes on at PLUS.

Reported to MACC, ke?