Little-known Widad Business Group has offered to buy either a 51 per cent stake or a 100 per cent stake in PLUS, which is now held by Khazanah Nasional Bhd and the Employees Provident Fund .
The highways involved in the PLUS concession are the North-South Expressway, Second Link Expressway, Penang Bridge, North South Expressway Central Link, Butterworth - Kulim Expressway and Seremban - Port Dickson Highway. In this regard, Widad said, the first option was seen as more viable as it focused on private public partnership.
Widad Goup executive chairman Tan Sri Muhammad Ikmal Opat Abdullah said if the company succeeds in taking over the concession, it would reduce the toll rate by 25 to 40 per cent.
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