Prasarana may raise up to RM10bil to finance LRT extension. Or described another way, Prasarana may take on another RM10 billion in debt, in addition to the RM9 billion that it currently carries (notes which are coming due soon). The sweet irony is this: Prasarana, which has been the vehicle (pardon the pun) for government […]
Tag: Finance
TRANSIT took note of the recent comments from ERE Consulting Group which appeared to rubbish TRANSIT’s comments favouring Bus Rapid Transit and Expressway Rapid Transit over investment in the MRT network. It was argued that Bus Rapid Transit would not have the capacity to match MRT and the existing road networks were already constrained with […]
The 3 months public display period for the Sg. Buloh – Kajang line began on Monday, 14 February and continued until 15 May 2011. The public display period is now closed. With the completion of the Public Display for MRT Line 1 (Sg. Buloh to Klang), TRANSIT will be revising this post to focus on […]
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Updates #58
Updates #58 1. Article: Spotlight on Trams: Penang (Edinburgh Guardian) – Malaysian blogger Anil Netto writes about the history of tram service in Penang and the effort by some campaigners to bring the tram back to Penang. TRANSIT: As nice as the tram campaign is, one really has to ask what has been accomplished beyond […]
Updates #56 1. Issue: The annual ‘freakout’ over Balik Kampung bus services has begun once again, with concerns that there will not be enough buses for the millions of passengers. With Konsortium Transnasional and other bus operators indicating that they may not provide extra bus services (in light of their increased costs thanks to an […]
TRANSIT took note of this article, provided by Malaysian national news agency Bernama and carried by various local media. In the article, KTMB Chair Mohd. Dzin Mohamed (himself the former Minister of Works) comments on the problems that the urban rail transit networks are facing. KTMB chairman says more needs to be done to serve […]
In line with the controversy about the recent Auditor General’s 2008 Report, TRANSIT provides you with these statements: 1. Klang MP Charles Santiago comments on the cost overrun in the Rawang-Ipoh Double Tracking and Electrification Project Press Statement by Member of Parliament Klang Charles Santiago in Parliament on 2nd Nov 2009 Whatever happened to accountability? […]
TRANSIT takes note of this article regarding the controversy over the Auditor General’s Report 2008, in which numerous government agencies were cited for overspending and wastage, including KTMB, Prasarana and the Terengganu government. Double-track rail job next PAC target (NST) 2009/10/30 THE Public Accounts Committee has its sight fixed on irregularities revealed in the recent […]
Updated with links to the 2010 Budget Speech in English and Bahasa Malaysia! In light of the announcement of the 2010 Budget on October 23, at 4pm, TRANSIT asked people to comment on what they think is important for the 2010 Budget. Unfortunately, we did not get much feedback – so we went with what […]
TRANSIT takes note of these two very interesting articles about the KTM Komuter service. KTM to buy 4 used trains from Spain (Business Times) By Sharen Kaur Published: 2009/10/19 KERETAPI Melayu Bhd (KTMB) plans to buy four second-hand two-car diesel multiple units (DMUs) from Spain for RM28 million. [TRANSIT: See a photo of the old train here […]
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