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May 29, 2008

RapidKL fares to go up

sun2surf - RapidKL fares are expected to go up with the government’s proposal to drop subsidy for the company with immediate effect to save taxpayers' money.

Deputy Prime Minister Datuk Seri Najib Abdul Razak said a meeting of the cabinet committee on public transportation, which he chaired today, has decided that RapidKL, which is a government-linked company, will not charge a subsidised rate.

This means that it will have to compete on a level playing field with other private companies which had hitherto been unable to compete on fare because they do not enjoy an element of subsidy.

"We will take this move immediately and study how the existence of RapidKL could complement the businesses of other local bus companies," Najib said after chairing the committee meeting in Parliament.

Najib said the committee has considered complaints by bus companies, especially in the (KL) Federal Terrritory, on RapidKL's operation.... selanjutnya.

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