You sounds like after 18% reduction, they will have no enough allocation for maintenance.. Is that true?

I am not in favour of toll abolishment eventhough I am a frequent highway user. I am sure the allocations for maintenance has been factored for before the decision to reduce toll rate.As for whether they have overpaid the contractor or not , I can't comment as I am only an ordinary citizen and don't know the inside.

ROad tax was used to pay ROsmah bag

dude. ur road tax is just miniscule compared to cost of building highway.

if road tax was fully to fund infrastructure, the cost will be RM10-20 billion highway cost divided by car users, ie: A LOT

chap ayam tartar job mesti mau maintainance, that day i go Thailand their road nice good, but no tol

Car tax excise duties collect around the same amount each year

This.

Now is just a no win, zero sum situation. The cream has been shaved off back in 2011.

Status quo - user pays
Cancel contract - taxpayers pay compensation
Reduce toll price without extension - taxpayers pay compensation
Reduce toll price with extension - user pays

Ultimately, money that goes to plus' pocket remains the same, just who pays and when.

Nobody count the dividend paid by PLUS which translate to our EPF dividend?

If end concession, our EPF dividend might drop due to losing good return from PLUS. So, in the end same same.

When things is Free, it will be abused..

why is it FCFF and not FCFE?

Dont agree with your calculations though...when they calculate the IRR, they have factored in fee hike...now the operator was not allow to hike the fees...so their IRR is affected....

Anyway, the above is just estimates, need to compare with actual....

Babi, CAPEX, XIRR??
So complicated how h to counter...

Need wait LSS to instruct us what to do

Third owner can't wait to get in!!!

Agree that it should be FCFE or even DDM. And IRR should be calculate as equity IRR not project IRR, basically IRR to equity holders. The capital structure significantly impacts the IRR.

With the extension, PLUS' debts will likely need to be restructured as well, such that the IRR remains about the same from the extractable dividends.

Yeah

Opportunists are still trying to fleece off the taxpayers!

At least, now as EPF stakeholders, we can at least hope to enjoy some financial benefits from the business.

Because the capital structure is special
its leveraged more than 20 to 1.

Highways,tolls mechanisms, extension calculation mechanism generally priced via project IRR and not equity IRR. Its up to the equity holders to do funding, but project IRR is the one governed and must be calculated via independent toll CONsultants

Why? Got no other portfolio to invest anymore is it?

The contribution of these tolls to Kwsp is less than 2% of total profit
Source:https://www.kwsp.gov.my/-/epf-records-moderate-q3-2019-results-amidst-cooler-market-condition

Abolish tolls won't affect a lots. Let assume originally they can give 6% interest.. A reduction of this 2% means interest could be 5.88%.

Huge effects? Depends on how much savings in your EPF account

Tell me which portfolio in Malaysia that can guarantee good returns like toll companies?

Oil & gas as well as plantation sometimes gives good returns but they are susceptible to changes.

True
Well said

Ha ha ha ha ha ha EXACTLY!
Meanwhile cronies all dapat happy ending?

Naik public transport je la