Kenapa Rakyat hari hari tertipu PH? PLUS 18% 
Jan 17 2020, 01:05 PM
QUOTE(weissPC @ Jan 17 2020, 12:49 PM)
Bro, I gotta give it to you, you really like to do the numbers.
All those are more or less give a picture of what the rakyat is in for, and I am of the same opinion that this is not the best deal for the rakyat, but better than selling it to some private company.
Do you know what, this realisation just came to me, even if govt take over the highways, tolls might not be abolished because there are maintenance that is needed on the highways.
Do you know the time value of RM3.28b in 2058 at 7.41% inflation rate is about RM200m in 2020? I don't think that amount is enough to maintain the highway on an annual basis.
Better hope the inflation rate is about 4.5% or below, at which point RM3.28b in 2058 is about RM600m in 2020 terms, that is better (without knowing how much PLUS is spending yearly to maintain and run the operations of the highway).
But looking at toll collection that you mentioned of RM4b, dividend of RM1b is 50% of profit, meaning the cost of maintaining and running the highway is about RM2b annually. RM600m in toll collection is seriously going to hamper PLUS operations in 2058.
Some years down the road, the toll rate is going to go up. Even though the agreement is to extend the concession to 2058, I think half way thru it, PLUS going to complain and get the toll rates increased, concession agreement to freeze the toll hike in exchange for extra 20 yrs concession can go to the dustbin.
Looking at it that way, we might not be getting such a bad deal after all.
there there now.All those are more or less give a picture of what the rakyat is in for, and I am of the same opinion that this is not the best deal for the rakyat, but better than selling it to some private company.
Do you know what, this realisation just came to me, even if govt take over the highways, tolls might not be abolished because there are maintenance that is needed on the highways.
Do you know the time value of RM3.28b in 2058 at 7.41% inflation rate is about RM200m in 2020? I don't think that amount is enough to maintain the highway on an annual basis.
Better hope the inflation rate is about 4.5% or below, at which point RM3.28b in 2058 is about RM600m in 2020 terms, that is better (without knowing how much PLUS is spending yearly to maintain and run the operations of the highway).
But looking at toll collection that you mentioned of RM4b, dividend of RM1b is 50% of profit, meaning the cost of maintaining and running the highway is about RM2b annually. RM600m in toll collection is seriously going to hamper PLUS operations in 2058.
Some years down the road, the toll rate is going to go up. Even though the agreement is to extend the concession to 2058, I think half way thru it, PLUS going to complain and get the toll rates increased, concession agreement to freeze the toll hike in exchange for extra 20 yrs concession can go to the dustbin.
Looking at it that way, we might not be getting such a bad deal after all.
Now you see how idiotic it is for PH to promise this and that before election last time? Now cannot do it, and give this half assed things.
Remember, what they achieve now is something that is expected from them, and they need to be even better cause last time they tokkok alot
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