Showing posts with label KTMB. Show all posts
Showing posts with label KTMB. Show all posts
Friday, 21 November 2014
Wednesday, 21 March 2012
‘If you can’t solve, we’ll throw you out’
Residents of Kampung KTM Railway Line in Sungai Buloh want Selangor MB to issue solve their 20-year-old housing problem swiftly.
SHAH ALAM: About 25 former residents of the Kampung KTM Railway Line in Sungai Buloh arrived at the Selangor state secretariat (SUK) yesterday to compel menteri besar, Abdul Khalid Ibrahim to give them plots of land promised by the state government in 1992.
The group, which arrived at about 9am, was led by 61-year-old S Muniandy.
Speaking at a press conference later, Muniandy said that 229 families of the former railway line residents were promised plots of land by the then menteri besar Muhammad Muhammad Taib, before being asked to move to longhouses in Rawang.
“The then state government told us that it was a six months transition period. Twenty years have passed but we have not seen our lands yet,” said Muniandy.
After waiting at the SUK for about four hours, Selangor exco for housing Iskandar Abdul Samad met the residents and promised to get them a meeting with Khalid on March 29.
Disappointed by Khalid’s absence, Muniandy accused the current Pakatan Rakyat state government of being no different from the previous administration.
“We will not give up. We will change the MB if Khalid fails to resolve our woes,” said Muniandy.
Catch more in our video.
SHAH ALAM: About 25 former residents of the Kampung KTM Railway Line in Sungai Buloh arrived at the Selangor state secretariat (SUK) yesterday to compel menteri besar, Abdul Khalid Ibrahim to give them plots of land promised by the state government in 1992.
The group, which arrived at about 9am, was led by 61-year-old S Muniandy.
Speaking at a press conference later, Muniandy said that 229 families of the former railway line residents were promised plots of land by the then menteri besar Muhammad Muhammad Taib, before being asked to move to longhouses in Rawang.
“The then state government told us that it was a six months transition period. Twenty years have passed but we have not seen our lands yet,” said Muniandy.
After waiting at the SUK for about four hours, Selangor exco for housing Iskandar Abdul Samad met the residents and promised to get them a meeting with Khalid on March 29.
Disappointed by Khalid’s absence, Muniandy accused the current Pakatan Rakyat state government of being no different from the previous administration.
“We will not give up. We will change the MB if Khalid fails to resolve our woes,” said Muniandy.
Catch more in our video.
Labels:
KTMB,
Malaysian Indians
Thursday, 19 January 2012
After Proton, will KTM be next?
After Khazanah sells its 43 per cent stake in Proton to
DRB-Hicom (owned by Syed Mokhtar Al-Bukhary), will the government
privatise KTM next?
The Edge (16 January) reported that MMC Corp (controlled by Al-Bukhary) had announced that it is proposing to take over KTM. Al-Bukhary again? KTMB has reportedly been asked to assist MMC in conducting due diligence on the rail service to decide whether MMC wants to take it private. The due diligence could could take six months and the entire privatisation exercise could take 18 months.
The railway workers union has naturally expressed concern. It maintains that it won’t be proper for KTMB to be privatised. “KTMB is for the rakyat and should remain as it is today, or returned to the government if necessary,” its president Abdul Razak Md Hassan was reported as saying. “If given to a private party, we can expect the fare of the commuter trains to increase.” According to him, KTM charges 70-80 sen per km for its commuter train compared to more than RM1.00 on the ERL, Putra, Star and Monorail (Business Times).
The Edge asks, “Was there even an invitation to others to put in a proposal to privatise the railway company?”
Why even consider privatising the rail services run by KTM – especially after the double tracking work, which will definitely speed up rail travel, increase the volume of passengers and result in economies of scale for KTM.
Just after the government has spent billions of public money on the double tracking and state-run KTMB is poised to reap the considerable benefits and improve its profitability, along comes a company expressing interest in taking over the railway. So predictable. (By the way, what is Pakatan’s stand on the move to privatise KTMB?)
There is absolutely no reason why KTM cannot be run efficiently and break even as a state-owned entity with the right management and adequate public investment in improving services. There’s actually no need to make a big profit for KTMB as the railway provides an essential public service. Look at how other country’s have improved their rail services without having to privatise. This public service is all the more crucial in the face of dwindling oil reserves for fossil fuel-powered motor vehicles and higher oil prices.
But sadly, our rail services have been neglected all these years, presumably because the BN government felt it had to prop up the ‘national car’ and minimise competition from other modes of transport (while highway concessionaires reap huge profits from tolls).
Regarding the takeover of Proton by DRB-Hicom, the Wall Street Journal reported:
Syed Mokthar’s Tradewinds gained control of Bernas, which has a monopoly of rice distribution in the country. Tradewinds also controls Central Sugars Refinery Sdn Bhd and Kilang Gula Padang Terap Bhd.
In 2007, Gamuda and Bukhary’s MMC were awarded the northern portion of the rail double-tracking job for RM12.5bn.
In April 2010, DRB-Hicom reportedly received a letter of intent from the government to manufacture and deliver a dozen variants of the Malaysian AV-8 armoured wheeled vehicle.
The tycoon also has an interest in Malakoff Corp, the country’s largest independent power producer.
In December 2010, the Singapore Straits Times noted that Al-Bukhary had emerged as “the single biggest beneficiary of state contracts and concessions worth billions of ringgit, making him Malaysia’s most favoured corporate son and the government’s partner of choice”.
The Edge (16 January) reported that MMC Corp (controlled by Al-Bukhary) had announced that it is proposing to take over KTM. Al-Bukhary again? KTMB has reportedly been asked to assist MMC in conducting due diligence on the rail service to decide whether MMC wants to take it private. The due diligence could could take six months and the entire privatisation exercise could take 18 months.
The railway workers union has naturally expressed concern. It maintains that it won’t be proper for KTMB to be privatised. “KTMB is for the rakyat and should remain as it is today, or returned to the government if necessary,” its president Abdul Razak Md Hassan was reported as saying. “If given to a private party, we can expect the fare of the commuter trains to increase.” According to him, KTM charges 70-80 sen per km for its commuter train compared to more than RM1.00 on the ERL, Putra, Star and Monorail (Business Times).
The Edge asks, “Was there even an invitation to others to put in a proposal to privatise the railway company?”
Why even consider privatising the rail services run by KTM – especially after the double tracking work, which will definitely speed up rail travel, increase the volume of passengers and result in economies of scale for KTM.
Just after the government has spent billions of public money on the double tracking and state-run KTMB is poised to reap the considerable benefits and improve its profitability, along comes a company expressing interest in taking over the railway. So predictable. (By the way, what is Pakatan’s stand on the move to privatise KTMB?)
There is absolutely no reason why KTM cannot be run efficiently and break even as a state-owned entity with the right management and adequate public investment in improving services. There’s actually no need to make a big profit for KTMB as the railway provides an essential public service. Look at how other country’s have improved their rail services without having to privatise. This public service is all the more crucial in the face of dwindling oil reserves for fossil fuel-powered motor vehicles and higher oil prices.
But sadly, our rail services have been neglected all these years, presumably because the BN government felt it had to prop up the ‘national car’ and minimise competition from other modes of transport (while highway concessionaires reap huge profits from tolls).
Regarding the takeover of Proton by DRB-Hicom, the Wall Street Journal reported:
The deal could further add to the influence of DRB-Hicom’s owner, Syed Mokhtar Al-Bukhary, who also bought Khazanah’s 32% stake in national postal company Pos Malaysia for 600 million ringgit when Mr. Najib’s government began its divestiture program. The Malaysian tycoon first rose to prominence in the 1980s and 1990 when the country was led by Mahathir Mohamad, and it was the former premier who first flagged to local media last year that Proton could soon be sold.Bukhary controls a couple of the largest ports in Malaysia, Port of Tanjung Pelepas and Pasir Gudang port in Johor, as well as Senai Airport.
Syed Mokthar’s Tradewinds gained control of Bernas, which has a monopoly of rice distribution in the country. Tradewinds also controls Central Sugars Refinery Sdn Bhd and Kilang Gula Padang Terap Bhd.
In 2007, Gamuda and Bukhary’s MMC were awarded the northern portion of the rail double-tracking job for RM12.5bn.
In April 2010, DRB-Hicom reportedly received a letter of intent from the government to manufacture and deliver a dozen variants of the Malaysian AV-8 armoured wheeled vehicle.
The tycoon also has an interest in Malakoff Corp, the country’s largest independent power producer.
In December 2010, the Singapore Straits Times noted that Al-Bukhary had emerged as “the single biggest beneficiary of state contracts and concessions worth billions of ringgit, making him Malaysia’s most favoured corporate son and the government’s partner of choice”.
Labels:
KTMB,
Mega project
Monday, 20 September 2010
Nurul Izzah sees red over KTMB land sale
By Stephanie Sta Maria - Free Malaysia Today
KUALA LUMPUR: The latest sale of prime land belonging to Keretapi Tanah Melayu Bhd (KTMB) has come under fire from Lembah Pantai MP Nurul Izzah Anwar.
In a press statement today, she pointed out that the eight-hectare site worth RM400 million, located behind the former Unilever headquarters along Jalan Bangsar, was sold for a pittance of RM50 million to Pelaburan Hartanah Bhd (PHB).
PHB is the subsidiary of Yayasan Amanah Hartanah Bumiputera, a foundation set up in 2006 to raise Bumiputera property ownership.
Nurul Izzah, who is also PKR's new deputy FT chief, questioned whether future properties developed on that land would then ultimately be sold to Bumiputeras at a deep discount.
“Who will gain most from the 80% discount that PHB has enjoyed?” she asked. “Would it be the developers or would the discount trickle down to the rakyat when it's time for them to rent or buy the properties?”
She also wondered whether PNB would restrict ownership transfer to ensure that the properties remain in Bumiputera hands.
“Once again, could state institutions and government lands be used to enrich a selected few? I hope that the Bumiputera property policy will not be manipulated the way it was in the Port Klang Free Zone (PKFZ) modus operandi.”
Land could have contributed to KTMB revenue
Nurul Izzah said the land would have been better used as a source of recurring revenue for KTMB. She explained that KTMB could jointly develop the land and have an equitable share of the proceeds.
“The rental of the property itself would provide a sustainable income for KTMB. This is how the MRT services in Hong Kong and Singapore, and the London Underground sustain their railway services for public benefit.”
“In return, this could not only put KTMB back in the black but also encourage lower ticket prices and more efficient services to the rakyat.”
Referring to the KTMB land in Tanjung Pagar, she said this transaction raised similar unanswered questions and is a form of indirect subsidy only for a minority.
While expressing hope that she would be proven wrong, Nurul Izzah promised that she would monitor this development closely to ensure that the people are granted transparency and accountability from the government.
“I'm also going to propose a bipartisan caucus in the next parliamentary sitting to monitor the implementation of Bumiputera policies,” she said. “The caucus will be able to produce an annual report for the public on the results and list of beneficiaries.”
KUALA LUMPUR: The latest sale of prime land belonging to Keretapi Tanah Melayu Bhd (KTMB) has come under fire from Lembah Pantai MP Nurul Izzah Anwar.
In a press statement today, she pointed out that the eight-hectare site worth RM400 million, located behind the former Unilever headquarters along Jalan Bangsar, was sold for a pittance of RM50 million to Pelaburan Hartanah Bhd (PHB).
PHB is the subsidiary of Yayasan Amanah Hartanah Bumiputera, a foundation set up in 2006 to raise Bumiputera property ownership.
Nurul Izzah, who is also PKR's new deputy FT chief, questioned whether future properties developed on that land would then ultimately be sold to Bumiputeras at a deep discount.
“Who will gain most from the 80% discount that PHB has enjoyed?” she asked. “Would it be the developers or would the discount trickle down to the rakyat when it's time for them to rent or buy the properties?”
She also wondered whether PNB would restrict ownership transfer to ensure that the properties remain in Bumiputera hands.
“Once again, could state institutions and government lands be used to enrich a selected few? I hope that the Bumiputera property policy will not be manipulated the way it was in the Port Klang Free Zone (PKFZ) modus operandi.”
Land could have contributed to KTMB revenue
Nurul Izzah said the land would have been better used as a source of recurring revenue for KTMB. She explained that KTMB could jointly develop the land and have an equitable share of the proceeds.
“The rental of the property itself would provide a sustainable income for KTMB. This is how the MRT services in Hong Kong and Singapore, and the London Underground sustain their railway services for public benefit.”
“In return, this could not only put KTMB back in the black but also encourage lower ticket prices and more efficient services to the rakyat.”
Referring to the KTMB land in Tanjung Pagar, she said this transaction raised similar unanswered questions and is a form of indirect subsidy only for a minority.
While expressing hope that she would be proven wrong, Nurul Izzah promised that she would monitor this development closely to ensure that the people are granted transparency and accountability from the government.
“I'm also going to propose a bipartisan caucus in the next parliamentary sitting to monitor the implementation of Bumiputera policies,” she said. “The caucus will be able to produce an annual report for the public on the results and list of beneficiaries.”
Labels:
KTMB
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