IJM Corp Bhd is still awaiting the government’s decision to acquire 15 toll highways nationwide, says chief executive officer and managing director Soam Heng Choon.

“I think the (public works) minister did mention the direction for tolled highways acquisition will only be presented to the cabinet early next month… So, until then, we will wait for direction from the government,” he told reporters after the company’s 35th annual general meeting in Subang Jaya today.

Previous reports indicated the government would offer to acquire tolled highways owned by PLUS Malaysia Bhd (including the NSE) for RM30.8 billion, those owned by Projek Lintasan Kota Holdings Sdn Bhd (Prolintas) for RM3.1 billion, Gamuda Bhd for RM5.6 billion and IJM Corp Bhd for RM2.7 billion, with the acquisitions paid via the issuance of debt papers to the concessionaires.

However, no official offer has been made to the concessionaires for now, as the government assesses all the proposals thoroughly, before making an official announcement. – Bernama, August 28, 2019.