Latest news with #tollroad
Free Malaysia Today
15-07-2025
- Business
- Free Malaysia Today
PNB weighs US$705mil sale of toll road unit
Established in 1995 and 100% owned by Permodalan Nasional Bhd, Prolintas operates and maintains expressways in Malaysia. (Prolintas web pic) PETALING JAYA : Malaysia's state-owned asset manager is considering selling its toll road unit Projek Lintasan Kota Holdings Sdn Bhd (Prolintas) in a deal that could be worth RM3 billion (US$705 million), people with knowledge of the matter said. Permodalan Nasional Bhd, also known as PNB, is working with a financial adviser on the planned divestment, said the people, asking not to be identified as the process is private. 'PNB has reached out to potential investors, including industry players and private equity firms, to gauge initial interest,' the people said. 'Deliberations are ongoing and PNB could still opt to keep Prolintas, as Projek Lintasan is known,' the people said. 'As a long-term investor committed to delivering sustainable returns, PNB regularly reviews its investment portfolio for opportunities to enhance value, including potential divestments or strategic repositioning,' a representative for PNB said in response to a query from Bloomberg News, declining to comment on the specific divestment. Established in 1995 and 100% owned by PNB, Prolintas operates and maintains expressways in Malaysia, according to its website. The company's portfolio also includes urban highways in the Klang Valley. It has also introduced an artificial intelligence and machine-learning system to improve operational efficiency and safety. Prolintas owns 51% of Prolintas Infra Business Trust Bhd, a Kuala Lumpur-listed company that owns some highways and has a market value of RM1.1 billion.
Yahoo
15-07-2025
- Business
- Yahoo
Malaysia's PNB is said to explore sale of toll road business
By Elffie Chew (Bloomberg) — Malaysia's state-owned asset manager is considering selling its toll road unit Projek Lintasan Kota Holdings Sdn. in a deal that could be worth RM3 billion ($705 million), people with knowledge of the matter said. Permodalan Nasional Bhd., also known as PNB, is working with a financial adviser on the planned divestment, said the people, asking not to be identified as the process is private. PNB has reached out to potential investors including industry players and private equity firms to gauge initial interest, the people said. Deliberations are ongoing and PNB could still opt to keep Prolintas, as Projek Lintasan is known, the people said. As a long-term investor committed to delivering sustainable returns, PNB regularly reviews its investment portfolio for opportunities to enhance value, including potential divestments or strategic repositioning, PNB said in an emailed statement. All decisions are guided by a rigorous governance process aligned with our investment objectives, it said. It is PNB's policy not to comment on market speculation or rumours, according to PNB. Any material developments will be communicated through the relevant channels in accordance with regulatory requirements, it said. At US$4.2 billion, the volume of mergers and acquisitions involving Malaysian companies has dropped about 46 per cent this year compared to the same period a year ago, according to data compiled by Bloomberg. Established in 1995 and 100% owned by PNB, Prolintas operates and maintains expressways in Malaysia, according to its website. The company's portfolio also includes urban highways in the Klang Valley. It has also introduced an artificial intelligence and machine-learning system to improve operational efficiency and safety. Prolintas owns 51 per cent of Prolintas Infra Business Trust Bhd, a Kuala Lumpur-listed company that owns some highways and has a market value of RM1.1 billion. More stories like this are available on ©2025 Bloomberg L.P.
Malay Mail
15-07-2025
- Business
- Malay Mail
PNB said to be exploring sale of Prolintas in deal worth up to RM3 billion
KUALA LUMPUR, July 15 — Malaysia's state-owned asset manager Permodalan Nasional Bhd (PNB) is considering selling its toll road unit Projek Lintasan Kota Holdings Sdn Bhd (Prolintas) in a deal that could be worth as much as RM3 billion, according to Bloomberg. Bloomberg, citing people familiar with the matter, reported that PNB is working with a financial adviser on the potential divestment and has reached out to industry players and private equity firms to gauge interest. The discussions are still ongoing and PNB could ultimately decide to retain Prolintas, the sources said. In an emailed statement to Bloomberg, PNB said it regularly reviews its portfolio for opportunities to enhance value, including through divestments or strategic repositioning. 'As a long-term investor committed to delivering sustainable returns, PNB regularly reviews its investment portfolio for opportunities to enhance value, including potential divestments or strategic repositioning,' it reportedly said. 'All decisions are guided by a rigorous governance process aligned with our investment objectives." PNB was also reported saying that it does not comment on market speculation or rumours, and any material developments would be announced through the appropriate channels in line with regulatory requirements. According to Bloomberg data, merger and acquisition activity involving Malaysian companies has slumped about 46 per cent so far this year compared to the same period in 2024, with total deal value at around US$4.2 billion (RM19.7 billion). Established in 1995, Prolintas is fully owned by PNB and operates several expressways in the Klang Valley. Its listed unit, Prolintas Infra Business Trust Bhd, which holds some of the toll highway assets, has a market value of about RM1.1 billion. Prolintas also uses artificial intelligence and machine-learning systems to improve safety and operational efficiency.
Bloomberg
15-07-2025
- Business
- Bloomberg
Malaysia's PNB Said to Weigh $705 Million Sale of Toll Road Unit
Malaysia's state-owned asset manager is considering selling its toll road unit Projek Lintasan Kota Holdings Sdn. in a deal that could be worth 3 billion ringgit ($705 million), people with knowledge of the matter said. Permodalan Nasional Bhd., also known as PNB, is working with a financial adviser on the planned divestment, said the people, asking not to be identified as the process is private. PNB has reached out to potential investors including industry players and private equity firms to gauge initial interest, the people said.
RNZ News
24-05-2025
- Automotive
- RNZ News
Speed limit increase on Auckland's Northern Gateway toll road will get people to destination 'quickly and safely'
Transport Minister Chris Bishop says about 1100 vehicles use the toll road each day. Photo: RNZ / Samuel Rillstone The government believes raising the speed limit on Auckland's Northern Gateway toll road will allow people and freight to get to their destination quickly and safely. Within a month, motorists will be able to travel at 110km/h on the stretch of State Highway 1 north of the city. Transport Minister Chris Bishop said about 1100 vehicles used the toll road each day, and 9 percent of those were heavy vehicles. "Late last year, the NZ Transport Agency consulted on the proposed speed limit increase to 110km/h. "More than 7900 submissions were received from across Northland and Auckland, with 93 percent in support of the increased speed limit and 91 percent strongly supporting it." He said the road was designed with safety features, such as two lanes in each direction, a barrier for safe passing and it was mostly straight. The new 110km/h speed limit comes into effect on 26 May. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
