Misplaced Pages

#734265

79-474: Rapid KL (promoted as rapidKL ) is a public transportation system owned by Prasarana Malaysia and operated by its subsidiaries Rapid Rail and Rapid Bus . The acronym stands for Ra ngkaian P engangkutan I ntegrasi D eras K uala L umpur , which translates to Kuala Lumpur Rapid Integrated Transport Network in the Malay language . Rapid KL, with its 204.1 km (126.8 mi) of metro railway and 5.6 km (3.5 mi) of BRT carriageway ,

158-736: A 15 km radius of the city centre of Kuala Lumpur under the government's policy of having two bus consortia to operate city buses in the Klang Valley. Len Chee was incorporated on 29 December 1937 and was one of the pioneer bus companies in Kuala Lumpur. It was bought over by Park May in 1995 under the same government policy. Cityliner was also the brand name for bus services in parts of Seberang Perai , Penang ; parts of Negeri Sembilan state; Kuantan , Pahang ; and between Klang and Sabak Bernam in Selangor . These services, known as

237-597: A 50% discount on all train and bus fares. The rail services operate daily from 6   a.m. to 11p.m. The operation hours will be extended for certain stations when special events such as the final of Piala Malaysia and the New Year's Eve countdown. 2 minutes (Q4 2024) During the Movement Control Order , the waiting times between trains were extended to 10 minutes during peak hours and 30 minutes during other times, as fewer people went outside due to

316-694: A capacity of 20,000 passengers per hour per direction. The proposed network has 4 corridors from the city centre to the northwest, northeast, southwest and southeast. In 1984, the Federal Government approved the construction of the LRT system but plans were abandoned soon after. The LRT project was revived with the signing of an agreement for Phase 1 of the STAR-LRT (abbreviation for Sistem Transit Aliran Ringan Sdn Bhd ) in December 1992. The LRT system

395-591: A cost of RM0.5 million each were found abandoned in Batang Kali and Rawang, each only guarded by a single security personnel. Criticism was directed at RapidKL on what is seen as a 'wasteful exercise', the old buses being only 7 to 15 years old and more expensive than the newly purchased Mercedes-Benz buses by RapidKL. The Cityliner buses involved in the takeover by Prasarana were those operated by two companies – Cityliner Sendirian Berhad and Len Chee Omnibus Company Sendirian Berhad – in Kuala Lumpur under

474-545: A lack of capital investments. The two new bus consortia formed in the mid 1990s to consolidate all bus services in Kuala Lumpur, Intrakota Komposit and Cityliner, began facing financial problems. Intrakota had reportedly accumulated losses amounting to RM450 million from the 1997 financial crisis until Prasarana Malaysia took over in 2003. With decreased revenues, the bus operators could not maintain their fleets, much less invest in more buses. Frequencies and service deteriorated as buses began breaking down, and ridership suffered as

553-596: A media briefing in Kuala Lumpur on 3 January 2013, ex-Prasarana Group Managing Director Dato’ Shahril Mokhtar said the move was part of the company's five-year long-term plan as underlined under its Go Forward Plan 2.0 (GFP 2.0) blueprint. Prasarana's primary business is providing public-transport services in Malaysia. Its main operations are the following: In an effort to increase revenue beyond advertising and fare collection, Prasarana Malaysia Berhad has introduced

632-414: A new "station naming rights program", in which brands and companies will bid for a chance to rename and rebrand any selected stations owned by Prasarana for a fee. This program runs in tandem with the infrastructure plan to promote the use of public transport and to improve facilities and services through the rebranding and upgrading of the stations. GGICO (Dubai Metro) is example of the first project in

711-418: A new additional order of 14 Bombardier Innovia Metro ART 300 in configuration of 4-car trainsets January 2016. Prasarana has awarded the contract to Scomi Transit Projects Sdn Bhd, a subsidiary of Scomi Engineering Bhd. Valued at approximately RM494 million, the contract also included upgrading works on the monorail stations and the electrical and mechanical system and building a new monorail depot apart from

790-428: A reduction in the number of public transport users, the company also blamed the government's failure to implement its earlier policy of only having two bus consortia, one of which was Park May, to operate city buses in Kuala Lumpur for its financial difficulties. This began affecting its bus operations as lack of maintenance caused frequent breakdowns, resulting in unreliable service. Park May, on 1 March 1999, applied to

869-514: A result. Public transport usage in the Klang Valley area dropped to about 16% of all total trips as a result. The entire rail network, operated by Rapid Rail is 210.4 km (130.7 mi) long and has 144 stations. The network's trains can travel up to 80 km/h. In 2008, the rail network carried a total of over 350,000 passengers daily, and has risen significantly since then. The BRT Sunway Line , despite being operated by Rapid Bus ,

SECTION 10

#1732776624735

948-531: A reverse-takeover of Park May and assumed Park May's listed status under the new name Konsortium Transnasional Berhad. Klang Valley The Klang Valley is geographically delineated by the Titiwangsa Mountains to the east and the Strait of Malacca to the west. It extends to Rawang in the northwest, Semenyih in the southeast, and Klang and Port Klang in the southwest. The conurbation

1027-406: A sale and purchase agreement with Prasarana for the sale of their bus related assets for a total of RM176,975,604. The original acquisition costs of the assets were approximately RM557.4 million, which were acquired over a period of 9 years since 1994. The net book value of the assets as at 30 June 2003 was approximately RM269.9 million. The sale of assets to Prasarana was completed on 5 May 2004. On

1106-474: A single LRT system, one a north–south line and one heading eastward. The Chan Sow Lin - Putra Heights route serves the southern part of Kuala Lumpur and the town of Puchong in Selangor . The Chan Sow Lin- Ampang route primarily serves the suburbs of Ampang in Selangor and Cheras in Kuala Lumpur, both of which are located in the northeastern region of the Klang Valley. Both lines converge at Chan Sow Lin;

1185-523: A subsidiary of DRB-Hicom; and Cityliner Sdn Bhd, a subsidiary of Park May Bhd. In 2008, Rapid Bus carried around 390,000 passengers daily. On 18 June 2020, Rapid Bus released new features on real time locations of bus in Google Maps , via collaboration with Google Transit . Almost 170 Rapid KL bus routes are covered with this real time feature. Rapid Bus also plans to expand the application to MRT feeder bus service, Rapid Penang , and Rapid Kuantan in

1264-411: A sum of RM1,045,681,273.83 owing as at that date pursuant to a facility agreement entered on 13 August 1993. There was however no reply. On 10 December 2001, another letter of demand was issued to Star-LRT for a sum of RMI,498,538,278.58 pursuant to a loan agreement dated 17 July 1995 for the financing of Phase Two of the project. On 26 Dec, it served statutory notice of demand on STAR-LRT, again asking for

1343-470: A total of 37 stations, 31 are elevated, 5 are underground, and one, Sri Rampai is at-grade. The service depot is located in Subang. The stations are styled in several types of architectural designs. Elevated stations, in most parts, were constructed in four major styles with distinctive roof designs for specific portions of the line. The KL Sentra station, added later, features a design more consistent with

1422-459: Is a component of and integrated with the Rapid KL rail network. The entire bus network is operated by Rapid Bus , one of the largest bus operators in the Klang Valley area, along with Transnasional. Currently, there are 98 stage bus routes and 39 feeder bus services which operate from the rail stations. The bus routes operated by Rapid Bus were previously operated by Intrakota Komposit Sdn Bhd,

1501-500: Is part of the Klang Valley Integrated Transit System , operating throughout Kuala Lumpur and Selangor 's satellite cities in the Klang Valley area. The rail transit line was opened in 1996. It was followed by a federal government restructuring of public transport systems in Kuala Lumpur in the early 2000s after the bankruptcy of STAR and PUTRA Light Rapid Transit operators, the precursors to

1580-647: Is the heartland of Malaysia's industry and commerce. As of 2022, the Klang Valley is home to roughly 9 million people. The valley is named after the Klang River , the principal river that flows through it that starts at Klang Gates Quartz Ridge in Gombak and flows into the Straits of Malacca in Port Klang , The river is closely linked to the early development of the area as a cluster of tin mining towns in

1659-654: Is the major redevelopment of Kampung Kerinchi into premium residential, shopping mall & office tower by Suez Capital, a local property development. On 1 May 2017, the CGC-Glenmarie LRT station became the fourth station renamed under the Station Naming Rights programme. On 11 July 2017, a week before the launching of the MRT Sungai Buloh-Kajang Line Phase 2 operations, another four stations joined under

SECTION 20

#1732776624735

1738-653: The Ampang/Sri Petaling Lines and Kelana Jaya Line respectively, and the creation of the Rapid KL brand In 2003, it had inherited bus services and assets formerly operated and owned by Intrakota and Cityliner after being bailed out. Four years later, the Malaysian Government bailed out KL Infrastructure Group, the owner and operation concession holder of the KL Monorail , and placed it under ownership of Prasarana Malaysia. Since then,

1817-533: The Ampang/Sri Petaling Lines and the Kelana Jaya Line respectively. The Malaysian government would continue to bail out KL Infrastructure Group, which was the operator concessionaire holder and owner of the KL Monorail line, for RM 822 million. It was then promptly taken over by Prasarana Malaysia and operated by Rapid Rail in 2007. The bus service in Kuala Lumpur was also facing problems with lower ridership due to an increase in private car usage and

1896-638: The BRT Sunway Line is a public-private partnership project between Prasarana and Sunway Group to provide eco-friendly electric bus services on elevated tracks for residents in Bandar Sunway and Subang Jaya . The Government has set up a dedicated unit focused solely on Klang Valley Mass Rapid Transit project namely Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) . The MRT Corp is a project management and technical team comprising experts in mass rail projects and include expertise seconded from

1975-551: The debt restructuring of the two companies was estimated to have reduced the level of non-performing loans in the Malaysian banking system by RM2.9 billion or 0.7% on a net six-month basis. Commerce International Merchant Bankers Bhd was appointed as was appointed as facility agent. On 8 December 2001, Prasarana issued Putra-LRT with a notice of default and demanded payment of all outstanding amounts within 14 days. Putra-LRT replied on 24 December 2001 and informed Prasarana that it

2054-403: The 1990s, new rail systems, such as Rapid KL's light rapid transit (LRT), mass rapid transit (MRT), KTM Komuter , ERL's airport rail links and a monorail have been developed. Most of these systems have gone through extensive expansion as a superproject. The Klang Valley Integrated Transit System , as of now, is currently being upgraded to include a new MRT line and LRT line, as well as

2133-544: The Corporate Debt Restructuring Committee to seek the assistance to restructure its debts. On 27 October 2003, Cityliner and Len Chee signed an asset sale and purchase agreement with Prasarana for the sale of 321 buses and 43 buses owned by Cityliner and Len Chee respectively for a total cash consideration of RM14,841,012. Of this amount, RM13,456,649 was to be used as part redemption of the commercial paper/medium term notes programme which

2212-525: The Kelana Jaya Line and Ampang/Sri Petaling Lines were intended to be operated by different owners during the planning and construction phase, both lines have unique and distinct station designs. Except for the underground section between the Pasar Seni and Damai , the entirety of the Kelana Jaya Line is elevated or at-grade. The Kelana Jaya Line runs in a northeast-southwesterly direction. Of

2291-519: The Klang Valley area dropped to about 16% of total trips, one of the lowest in the Asian region. As part of the restructuring process, the Malaysian government proposed to separate the ownership (thus capital expenditure) and operational aspects of public transport, with separate government-owned companies being set up for each purpose. In 1998, Prasarana was incorporated to "facilitate, coordinate, undertake and expedite infrastructure projects approved by

2370-459: The Klang Valley officially consists of separate cities and suburbs, integration between these cities is very high, with a highly developed road network and an expanding integrated rail transit system. Many expressways criss-cross the metropolis making cars the most convenient way to get around. However, this has led to the Klang Valley's notorious traffic jams which span whole kilometres of expressways and make driving during peak hours exhausting. Since

2449-493: The Malaysia Ministry of Finance had officially announced that the government via Prasarana was taking over the assets of both Putra-LRT and Star-LRT. On 30 August 2002, Putra-LRT entered into a sale and purchase agreement with Prasarana for the sale of all its assets. The consideration for the sale consisted of the balance after the project cost of RM5,246,070,539 is offset by the amount of debt owed to Prasarana, plus

Rapid KL - Misplaced Pages Continue

2528-512: The Malaysian government for Phase One of the project (between Sultan Ismail and Ampang stations) was signed on 22 December 1992 while the separate concession agreement for Phase Two (between Chan Sow Lin and Sri Petaling stations, and Sultan Ismail and Sentul Timur stations) was signed on 26 June 1995. The cost of Phase One was RM1.2 billion and RM2.2 billion for Phase Two. Star-LRT raised loans amounting to RM800 million for Phase One and RM1.32 billion from Bank Bumiputra Malaysia Bhd for Phase Two. In

2607-497: The Malaysian government". It took over the assets and operations of Star-LRT, Putra-LRT and Putraline feeder bus services in September 2002, changing the name Star-LRT to "Starline" and Putra-LRT to "Putraline". In 2003, Prasarana entered into agreements with Intrakota and Cityliner for the purchase of buses. The purchase was completed in 2004. Rangkaian Pengangkutan Intergrasi Deras Sdn Bhd, the second government-owned company under

2686-582: The Prasarana MRT team. The need for the Klang Valley's public transport system to be restructured became apparent almost immediately after the LRT lines began commercial operations when their ridership was much lower than anticipated. This caused lower than expected revenue levels and the two LRT concessionaires, Sistem Transit Aliran Ringan Sdn Bhd (Star-LRT) and Projek Usahasama Transit Ringan Automatik Sdn Bhd (Putra-LRT), could not repay their commercial loans. The financial crisis of 1997/1998 aggravated

2765-892: The Putra Heights station at the end of Putra Heights-bound line. The line between the Plaza Rakyat station to the Sentul Timur station is strictly elevated, with the line between the Bandaraya station to the Titiwangsa station running along the Gombak River. The Chan Sow Lin-Ampang line is primarily surface leveled, while the Chan Sow Lin-Putra Heights line uses a combination of surface leveled and elevated tracks. There are no subway lines in

2844-581: The Rapid KL system has expanded to include two MRT lines and a BRT line. After the adoption of the Federal Territory (Planning) Act of 1982, the Kuala Lumpur City Hall was obliged to prepare a structure plan for the areas under its jurisdiction. In line with this, the 1981 Master Plan Transportation Study Report specifically recommended the implementation of a light rapid transit (LRT) system with exclusive rights-of-way and

2923-620: The Rapid Rail network as well as the Rapid Bus network as well as the KTM Komuter system to improve integration. The Touch 'n Go system is also used in the production of Rapid KL's monthly/weekly passes as well as their stored-value concession cards. These passes can be purchased by frequent users of the Rapid KL rail and bus networks, The Rapid KL concession cards are provided for students, the elderly and disabled people, which provides

3002-570: The Stesen Sentral station building. Underground stations, however, tend to feature unique concourse layout and vestibules , and feature floor-to-ceiling platform screen doors to prevent platform-to-track intrusions. 22 stations (including two terminal stations and the five subway stations) use a single island platform , while 15 others use two side platforms . Stations with island platforms allow easy interchange between north-bound and south-bound trains without requiring one to walk down/up to

3081-414: The assets and operations of Star-LRT. The takeover reportedly cost the government RM3.3 billion. Intrakota Komposit Sendirian Berhad, a subsidiary of public-listed company DRB-Hicom Berhad, was one of two consortia picked in 1994 to run the city/stage bus service in Kuala Lumpur and its surrounding suburbs. The other company was Park May Berhad which operated its buses under the brandname Cityliner. Under

3160-458: The brand name “Cityliner”. The two companies were subsidiaries of previously public-listed Park May Berhad, which in turn was a subsidiary of Renong Berhad. Cityliner, which was incorporated on 30 August 1994, was wholly owned by Park May while Park May owned 85% of Len Chee. In 1995, Cityliner took over routes previously operated by Len Omnibus Company Berhad, Selangor Omnibus Company Berhad and Foh Hup Transportation Company Berhad which were within

3239-485: The city with the fringes of the Klang Valley, such as Sungai Buloh , Putrajaya , Cyberjaya , and Kajang , while also providing rail connection to neighbouring towns and cities such as Petaling Jaya (Damansara), Seri Kembangan and Cheras . The KL Monorail connects the KL Sentral transport hub in the south and Titiwangsa in the north with the "Golden Triangle", a commercial, shopping, and entertainment area in

Rapid KL - Misplaced Pages Continue

3318-608: The city's public transport system. It is one of the largest public-transport companies in Malaysia other than Konsortium Transnasional Berhad. As a government-owned company since 1998, it operates stage bus and light metro services via several wholly owned subsidiaries. The new Prasarana structure including the creation of four new entities – Rapid Rail Sdn Bhd ; Rapid Bus Sdn Bhd ; Prasarana Integrated Management and Engineering Services Sdn Bhd (PRIME); and Prasarana Integrated Development Sdn Bhd, or PRIDE. Announcing this at

3397-647: The concourse level. On the Ampang and Sri Petaling Lines, the system includes a total of 36 stations: eleven along the shared Chan Sow Lin - Sentul Timur section, seven along the Ampang -Chan Sow Lin section and eighteen along the Putra Heights -Chan Sow Lin section. The service depot and primary train depots for the system are situated before the Ampang station at the end of the Ampang-bound line, and beside

3476-402: The creditor of Putra-LRT and Star-LRT. The loans owed by both companies stood at approximately RM5.7 billion at that time. The purchase consideration was satisfied via the issuance of RM5.468 billion fixed rate serial bonds by Prasarana guaranteed by the government to the respective Star-LRT and Putra-LRT lenders. According to the Corporate Debt Restructuring Committee, the successful resolution of

3555-563: The debt of Intrakota, DRB-Hicom declared that the company had an accumulated debt of RM258 million as at 30 June 2003, comprising a principal sum of RM188.2 million and interest amounting to RM69.8 million. On 29 October 2003, Intrakota, together with its subsidiaries Intrakota Consolidated Berhad, SJ Kenderaan Sendirian Berhad, Toong Fong Omnibus Company Sendirian Berhad, Syarikat Pengangkutan Malaysia Sendirian Berhad and SJ Binteknik Sendirian Berhad, as well as another DRB-Hicom subsidiary Euro Truck and Bus (Malaysia) sendirian Berhad, entered into

3634-608: The electronics division of Daimler-Benz, and British construction firm Taylor-Woodrow) (30%), Lembaga Urusan Tabung Haji (Pilgrims’ Fund Board) (15%), Lembaga Tabung Angkatan Tentera (5%), Kumpulan Wang Amanah Pencen (5%), STLR Sdn Bhd (5%) and Shell Malaysia/Sabah/Sarawak (5%), American International Assurance Co Ltd (10%), Apfin Investments Pte Ltd, the investment arm of the Singapore Government (5%). The 60-year concession agreement between Star-LRT and

3713-437: The entire loan amount becoming due. At that time, Putra-LRT had already requested the Corporate Debt Restructuring Committee of Malaysia's central bank, Bank Negara, to help restructure its debts. A proposal by the Corporate Debt Restructuring Committee, which involved the government taking over the two LRT lines and then leasing them back to the two companies, was deemed not acceptable. The restructuring began moving again when

3792-572: The financial crisis of 1997/1998, the decreasing number of people using public transport and the failure by the government to implement the two-bus-consortia policy which resulted in unexpected competition. In 1999, the Intrakota group of companies came under the purview of the government's Corporate Debt Reestructuring Committee and when the committee concluded its business in June 2002, Intrakota and its parent company DRB-Hicom continued negotiating with

3871-401: The future. Now all the buses can be tracked via PULSE application. Rapid Rail implements an automatic fare collection system with stored value tickets and single journey tickets in the form of tokens. Tickets can be purchased either from ticket vending machines or at station counters found at all train statioms stations. Turnstiles are located at the entrances to train platform, which separate

3950-423: The government accepted the concept of setting up two separate government-owned companies, one to own and the other to operate public transport. The first step towards nationalisation of Putra-LRT took place on 26 November 2001 when Prasarana acquired all the rights, benefits and entitlements under the loan from Putra-LRT's and also Star-LRT's lenders (see below for takeover of Star-LRT). This effectively made Prasarana

4029-595: The government which eventually led to its buses being taken over by Prasarana. The company's dire situation was clear when on 29 January 2003, creditors RHB Finance Berhad and RHB Delta Finance Berhad repossessed 34 of its buses. The buses were returned to Intrakota after several rounds of negotiations with the creditors. On the same day, it also revealed that it was being sued or a total of RM25,893,558.36 by AMMerchant Bank Berhad (RM11,234,839.93), Kewangan Bersatu Berhad (RM1,091,939.12) and Sogelease Advance (Malaysia) Sendirian Berhad (RM13,566,786.31). Later, when restructuring

SECTION 50

#1732776624735

4108-517: The heart of Kuala Lumpur, consisting of the Bukit Bintang area, and surrounded by Jalan Imbi , Jalan Bukit Bintang , Jalan Sultan Ismail , and Jalan Raja Chulan . The BRT Sunway Line, the world's first all-electric bus rapid transit system, has an exclusive right-of-way and operates on an elevated guideway that is not shared with normal road traffic. The BRT line serves the high-density areas of Sunway and Subang Jaya . Since

4187-405: The late 1990s, Star-LRT, like Putra-LRT, also defaulted in its loan repayment and on 30 November 2001, the Corporate Debt Restructuring Committee of Malaysia's central bank Bank Negara announced that Prasarana had taken over the debts of Star-LRT together with that of Putra-LRT. The combined debt of both companies amounted to RM5.5 billion. On 8 December 2001, Prasarana issued a letter of demand for

4266-529: The late 19th century. Development of the region took place largely in the East-West direction (between Gombak and Port Klang ) but the urban areas surrounding Kuala Lumpur have since grown north and south towards the border with Perak and Negeri Sembilan respectively. There is no official designation of the boundaries that make up the Klang Valley but it is often assumed to comprise the following areas and their corresponding local authorities: Even though

4345-462: The lockdown. On 10 September 2021, Rapid KL reduced its waiting times for trains and buses to support the growing number of workers going back to their reopened workplaces. On peak hours, trains arrived at around 4 to 10 minutes, on non-peak hours, trains arrived from 7 to 12 minutes, and on weekends they arrived on 7 minutes (central business district for LRT Ampang/Sri Petaling) or 15 minutes. The Ampang Line and Sri Petaling Line are two sub-lines of

4424-493: The longest of which has a 68m span. The Ampang/Sri Petaling Lines and the Kelana Jaya Line intersect at Masjid Jamek and Putra Heights . The Kajang Line runs from Kajang in the south to Kwasa Damansara in the north, where it meets the Putrajaya Line; the Putrajaya Line then proceeds southward towards Putrajaya Sentral , both lines passing through Kuala Lumpur . The Kajang Line and Putrajaya Lines serves to connect

4503-410: The merged line leads north, terminating at Sentul Timur . The Kelana Jaya Line consists of a single line that connects Putra Heights in the south to Gombak in the northeast, passing through the cities of Subang Jaya and Petaling Jaya , as well as the Kuala Lumpur city centre and various low density residential areas further in northern Kuala Lumpur. The line has a total of 870 individual bridges,

4582-614: The mid-1990s to take over all bus services in Kuala Lumpur ;– Intrakota and Cityliner – began facing financial problems. Intrakota had reportedly accumulated losses amounting to RM450 million from the 1997/1998 financial crisis until Prasarana took over in 2003, and debts of more than RM250 million between 1994 and 2003. With lower revenues, bus operators could not maintain their fleets, much less invest in more buses. Frequencies and service deteriorated as buses began breaking down. Because of this, public transport usage in

4661-463: The paid area and unpaid area of the stations. In 2011, Prasarana Malaysia announced a new ticketing system, effectively integrating the different rail lines which previously functioned as different systems. The new system allowed passengers to transfer seamlessly between rail lines at designated interchange stations without exiting the system and paying multiple fares or buying new tokens. Touch 'n Go stored value cards are also accepted at fare gates on

4740-497: The policy, Intrakota bought and took over the routes of two traditional Kuala Lumpur bus companies, namely SJ Kenderaan Sendirian Berhad (better known as Sri Jaya) and Toong Fong Omnibus Company Sendirian Berhad, one of Kuala Lumpur's first bus companies. Intrakota also took over most of Kuala Lumpur's minibus routes after the government terminated their services in 1998. All buses were branded as Intrakota. The circumstances leading to Intrakota's financial difficulties could be blamed on

4819-579: The programme, namely Pavilion Damansara Heights-Pusat Bandar Damansara , Manulife-Semantan , Pavilion Kuala Lumpur-Bukit Bintang and AEON-Maluri . On 29 May 2023, the KL Sentral LRT station was renamed as KL Sentral redONE in a five-year deal with redONE Network Sdn Bhd. The LRT3 project currently under construction is Shah Alam Line which will cover the western area of Klang Valley. The KLAV project will minimize Kelana Jaya Line headway frequency not more than 2.8 minutes when fully deploy

SECTION 60

#1732776624735

4898-437: The project cost from 1 April 2002 until 1 September 2002 which was set as the completion date of the sale, plus a sum of RM16,867,910 being the "unverified amount of project costs" which was subsequently verified by supporting documents. The entire cost of Prasarana taking over Putra-LRT's assets was reported to be RM4.5 billion. Prasarana took over Putra-LRT assets and operations from 6.00 a.m. on 1 September 2002. Details of

4977-517: The restructuring, was set up in 2004 to handle the operational aspects of the assets owned by Prasarana. Prasarana handed over the operations of the two LRT lines and buses in November 2004. In 2006, the government set up a new company Rapid Penang as a subsidiary of Rangkaian Pengangkutan Intergrasi Deras Sdn Bhd to operate a bus service in Penang . The buses are also owned by Prasarana. Putra-LRT

5056-562: The return of the sum and the company only managed to make part payment. Two petitions to wind up Star-LRT were filed with the High Court on 21 February 2002 for the failure to pay RM1,051,509,127.16 as at 26 December 2001 for the first loan and the failure to repay the second loan amounting to RM1,506,385,705.28 as at 26 December. On 3 May 2002, the High Court appointed Gan Ah Tee, Ooi Woon Chee and Mohamed Raslan Abdul Rahman as temporary liquidators. On 1 September 2002, Prasarana took over

5135-521: The same day, Prasarana signed an interim operations and maintenance agreement with Intrakota Consolidated for the temporary operation of the bus network previously operated by Intrakota. The interim arrangement was terminated when Prasarana handed over the operations to RapidKL in November 2004. In May 2008, the Malay Mail ran an article investigating the fate of the remaining Intrakota buses. 1,000 Iveco TurboCities that were originally purchased at

5214-455: The situation, and by November 2001, the two companies owed a combined total of RM 5.7 billion. The Malaysian Government 's Corporate Debt Restructuring Committee (CDRC) stepped in to restructure the debts of the two LRT companies. In 2002, both companies and their respective LRT services were bought over by Prasarana Malaysia , and operations of the lines eventually were transferred to Rapid KL. The STAR-LRT and PUTRA-LRT lines effectively became

5293-402: The situation. The two companies owed a total of RM5.7bil as at November 2001 when the government's Corporate Debt Restructuring Committee (CDRC) restructured the debts of the two LRT companies. The bus service in Kuala Lumpur was also facing problems with lower ridership because of an increase in private car usage and the lack of capital investments. The two new bus consortia which were formed in

5372-564: The source of Prasarana Malaysia, the original name of the station is fixed to indicate the location of the station. First of its kind in Southeast Asia, the first three pilot projects on LRT and monorail stations have been accomplished, namely the AirAsia-Bukit Bintang Monorail station, Bank Rakyat-Bangsar LRT station and KL Gateway-Universiti LRT station has been launched on 10 October 2015. KL Gateway

5451-409: The supply of the 12 sets of new 4-car trainsets. Currently, only 6 trainsets has been delivered to Rapid Rail, therefore the operator is unable to activate the automatic platform gates & to phase-out the old 2-car trainsets. The one and only first of its kind Bus rapid transit (BRT) project in Malaysia is BRT Sunway Line . Launched by Prime Minister Datuk Seri Mohd Najib Tun Razak on 9 June 2012,

5530-471: The system. Prasarana Malaysia Prasarana Malaysia Berhad (Prasarana) (English: Malaysian Infrastructure Limited) is a government-owned company which was set up by Ministry of Finance (Malaysia) as a corporate body established under the Minister of Finance (Incorporation) Act 1957 to own the assets of multi-modal public transport operator in Malaysia , under the government's move to restructure

5609-655: The takeover of Sistem Transit Aliran Ringan Sendirian Berhad (abbreviated to Star-LRT), which operated what is known today as the Ampang Line , are a little more difficult to come when compared with the takeover of PUTRA-LRT because the company was not owned by any public listed company. The shareholders of Star-LRT, which was formed on 13 November 1991, were the Malaysian Employees Provident Fund (25%), Kuala Lumpur Transit Group Assets Sdn Bhd (a 50:50 joint venture between Germany's AEG Pte Ltd,

5688-431: The world to start the similar program. This step has been followed by Vodafone–Sol (Madrid Metro) and Atlantic Avenue–Barclays Center (New York City Subway) . The prefix name of the station will be given to the successful bidder and the bidder has a right on the elements around the stations such as station area, route maps, pamphlets and brochures, operator website and also the train destination announcement. According to

5767-417: The “northern”, “southern”, “eastern" and "central groups” respectively, were not involved in the takeover by Prasarana. Operating city or stage buses has always been Park May's main business. However, the group, which also operates long-distance express bus services began making losses following tough operation circumstances, with city/stage bus operations contributing a huge proportion of these losses. Besides

5846-560: Was arranged by four major Malaysian financial institutions, namely Commerce International Merchant Bankers Bhd ( CIMB ), Bank Bumiputra Malaysia Bhd (BBMB), Commerce MGI Sdn Bhd (CMGI) and Bank Islam . The 27 institutions included the KWSP (EPF) , Affin Bank and Public Bank . The takeover of Putra-LRT can be said to have started from 30 September 1999 when the payment of interest amounting to RM44,589,020.33 became due. Failure to pay resulted in

5925-406: Was first opened in December 1996. This was followed by a second system operated by Projek Usahasama Transit Ringan Automatik Sdn Bhd (PUTRA-LRT) in 1998. The operation of Kuala Lumpur's LRT lines since its inception had lower ridership than expected, which led to the concessionaire operators of the LRT lines, being unable to repay their commercial loans. The 1997 Asian financial crisis aggravated

6004-506: Was incorporated in Malaysia on 15 February 1994 to design, construct, finance, operate and maintain the Klang Valley's LRT system, known today as the Kelana Jaya Line . The company, which was 100% owned by Renong Berhad, signed the concession agreement with the Malaysian government on 7 August 1995. To fund the project, Putra-LRT obtained a RM2 billion loan, comprising RM1 billion conventional facility and RM1 billion Islamic facility, from 27 Malaysian financial and non-financial institutions which

6083-551: Was not able to settle the amounts. It also requested the government to appoint another party or itself to purchase the assets of the company in accordance with the terms of the concession agreement between Putra-LRT and the government. A statutory demand, required under the Malaysian Companies Act 1965, was then issued by Prasarana on 26 December 2001 asking Putra-LRT to settle the amount owing within 21 days. Putra-LRT again replied on 17 January 2002 by saying that it

6162-548: Was obtained on 23 January 2007, and RM1,220,000 was to go towards defraying the expenses of the sale to Prasarana. The sale was completed on 30 April 2004 for a total adjusted cash consideration of RM14,438,920 for 347 buses. Upon completion of the sale, Prasarana appointed Kenderaan Mekar Murni Sdn Bhd, a subdiary of Kumpulan Kenderaan Malaysia Berhad, to operate the buses on an interim basis until it handed over operations to RapidKL in November. Under Park May's restructuring scheme, Kumpulan Kenderaan Malaysia ultimately instituted

6241-603: Was unable to settle the amounts owed and requested the government to take over. Winding up petitions were filed on 8 February 2002 and served on the company on 20 March 2002. On 26 April 2002, the Kuala Lumpur High Court made an order for the winding up of Putra-LRT and on the same date, appointed the Gan Ah Tee, Ooi Woon Chee and Mohamed Raslan Bin Abdul Rahman as liquidators. Earlier on 3 April 2002,

#734265