Heavy "losses" of MRT Corp to support socio-economic growth, says Loke

Published on 10 Jul 2024 7:31:01 PM

The Transport Minister said MRT Corp’s incurred losses were due to the high capital expenditure costs to construct both MRT 1 (Kajang line) and MRT 2 (Putrajaya line), as well as low ticket rates and the ongoing subsidised My50 unlimited travel pass.

The heavy financial “losses” of Mass Rapid Transit (MRT) Corp Sdn Bhd reflects its true purpose in supporting long-term socio-economic growth for the country and people, says Anthony Loke.

The Transport Minister told a press conference at Parliament on Wednesday (July 10) that MRT Corp’s incurred losses were due to the high capital expenditure costs to construct both MRT 1 (Kajang line) and MRT 2 (Putrajaya line), as well as low ticket rates and the ongoing subsidised My50 unlimited travel pass.

Read more at https://tinyurl.com/ms3tyrt8

WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline

Keywords
news, anthony loke, transport minister, audit report, financial losses, mrt corp, travel pass, my50, public transport, subsidy, construction, mrt1, mrt2

Keywords:
news, anthony loke, transport minister, audit report, financial losses, mrt corp, travel pass, my50, public transport, subsidy, construction, mrt1, mrt2