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: Ministry of Finance
TRANSIT took note of this article at the end of last month and have spent the past week trying to get more information about the plans for the new LRT + Monorail ticketing system. Unfortunately, the hoped-for integration of the KTM Komuter and LRT system (promised as one of the NKEAs) is not expected to […]
TRANSIT noted the recent allegations of corruption in the revamp of the KTM Komuter ticketing system, and recent news reports that the Malaysian Anti-Corruption Commission (MACC) was investigating KTMB. The company that was awarded the tender was alleged to be “inexperienced and underqualified” [TRANSIT: As if that has never happened before in Malaysia. Just look […]
TRANSIT took note of the following article in the Business Times, which details the changes in Prasarana since Idrose Mohamed took over the government-owned company. We will tell you what we think about Idrose’s nearly 2 years in charge of Prasarana – but read the article first. Prasarana improves under Idrose (Business Times) 15 Sept […]
TRANSIT notes that the Minister of Transport has expressed his support for an investigation into the purchase of 38 units of Electric-Multiple Unit (EMU) trainsets for KTMB by the Finance Ministry. This deal, made through direct negotiation with the Zuzhou electric rail company, became controversial after PAS MP Dr. Dzulkefly Ahmad protested about the increased […]
TRANSIT took note of this very interesting article, in which a PAS MP is critical of the government’s purchase of 38 Electric Multiple Unit (EMU) trainsets from Zhuzhou locomotive of China. PAS MP: Buy China-made EMUs, lose RM500m (FMT) Wed, 30 Jun 2010 By Ken Vin Lek KUALA LUMPUR: PAS MP Dzulkefly Ahmad today warned […]
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 […]
The former Managing Director of KTM Berhad Radzak Abdul Malek has written the following letter published in the local media, explaining the purchase of the controversial DMU trainsets and the allegations of impropriety. KTMB’s DMU purchase aboveboard, reasonable (Malaysiakini) 18 November 2009 Radzak Abdul Malek I refer to media reports about KTM Bhd’s purchase of Diesel […]
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