QUOTE(lurkingaround @ Jan 17 2020, 03:49 PM)
Problem was, the private PLUS company was a likely songlapping BN-crony who likely had to be ploteked by the BN-government at all costs. Hence, the extensions from 30-years to another 20 years by the ex-BN government. Why is Dr M likely doing the same as the ex-BN government, ie extending the concession by another 20 years.?
....... It should be better for the Rakyat to let the terms of the PLUS concession agreement remain, ie no 20-years extension to 2058, no 18% discount and yes 5% rise in toll every 3 years until 2038.
On paper, privatization sounded good but it got abused by corrupt BN politicians at the expense of the Rakyat.
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Jan 17 2020, 10:37 PM

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