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

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.
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[@SamsonOhsem]

Jom naik Mrt, Lrt, KTM, ECRL, RTS dan Bas. Malaysia maju pengangkutan awam semakin berkembang.

[@miekidek5031]

Purata setiap hari penumpang pengangkutan awam di lembah kelang Sepatutnya 700ribu org purata setiap hari

[@Ħæïķăł]

At the same time they shoud make the city around the mrt lrt line more walkable and pedestrian friendly… only that will help

[@leealex24]

Guys take more public transport if can. We have great facilities in Klang Valley. Use it, and may save money too.

[@HotRod16]

Kekadang attend meeting atau exhibition di KL, mmg naik MRT lah. Jimat parking dan kelesuan sangkut jem. I wanna say MRT service are really satisfied. We aa user must have mentality to keep them clean and running. Do not vandalism.

[@155stw]

Kalau nak banding dengan NYC subway memang our MRT is a waaaay better and safer la. Tapi aku rasa quality of finish too high for public transportation. Sepatutnya lebih basic dan industrial supaya dapat jimat kos capex.

[@amirism91]

@@155stw ye patut mcm mrt putrajaya tapi ni mrt kajang dah hampir serupa mcm stesen mrt kat china. tapi mrt singapore pun lawa juga utk certain station. elok jugak mrt nampak cantik utk pelancongan

[@155stw]

@@amirism91 aku setuju memang cantik, tapi duit takde it je.

[@raviedwardchandran]

Absolutely You're Correct In A Sense That... It's A Long Term Investment & Socio Economy Impact...👍🇲🇾

[@miekidek5031]

Complete failure of ridership!!!!

[@danielkopial316]

Mana ada public transport yang profitable dalam dunia. Cari la mana2 data dari negara lain semua public transport rekod kerugian, purpose dia provide service kepada public. Sama mcm Sekolah, Klinik & Hospital kerajaan…kutip berapa sen je, RM1 je untuk rawatan biasa…ingat gaji doktor boleh lepas dengan kutipan RM1 seorang? Itu namanya public service 😂

[@csoffline7820]

Singapore SBS posted SGD69.1m profit while SMRT quadrupled to SGD42.5m profit in 2023.

[@namazlur78]

Shinkansen profitable

[@danielkopial316]

@@csoffline7820 try minus the 2bil SGD govt subsidy for public transport see still profitable or not 🤣🤣

[@danielkopial316]

@@namazlur78 Shinkansen is fully privatized…not public owned. Not considered public transport. Beza langit dengan bumi tu. Harga ticket pun mahal…hanya yang mampu je pakai.

[@danielkopial316]

@@csoffline7820 Singapore govt provides SGD 2Bil annual subsidy for public transports. SBS being the main public transport provider surely pocketed a large portion of that subsidy.

[@danielliaw]

Apart from ridership. Mrt need more sponsoring and marketing in its stations.

[@amirism91]

yes other than only samsung

[@Soon_Seng_Guan]

Ucapan bernas dengan fakta dari Menteri yang bertauliah dan berprestasi tinggi

[@raizanlegacy8645]

Lain mcm punya aircon.. 🤣 🤣 🤣 🤣 🤣 🤣

[@miekidek5031]

Sepatutnya 700 ribu penumpang purata setiap hari!!!!

[@kimolowo4364]

Pemimpin DAP lebih bagus dari pemimpin PAS yg bengong

[@kuruma6727]

1. Nk aircond dpn rumah smpai dpn pntu pjabat. 2. Xnak brdiri/jln kaki lebih 5 mnit sehari. 3. Nk hands-free dari galas beg/sng shopping byk. 4. Minyak subsidi, xpkai rugi.

[@dunia566]

I think people are eager to use public transport, but there are issues such as parking space that needs to be addressed.

[@ninakhan3803]

Can't increase ridership and at the same time, wanting to sell more cars. One has to be sacrificed for the other to grow. Btw, the last mile connection to the stations has to be addressed URGENTLY to increase ridership.

[@youtubeattacker]

Makes more sense as country expenses than a profit loss business. It’s like parent expect ROI on their children food and water.

[@zoickn]

Sy skarang pon tengah pikir nak jual kreta saya. Rumah sy pon dekat station. Tapi kreta pasa pi Central Market 15mins. Pakai LRT 1 jam

[@mohdruslandabusamah4458]

Absolutely agree with the Hon. Transport Minister. With Circle Line and improved network of transit buses, Klang Valley will have a complete public transport system. I for one will use public transport once LRT3 opens as I live in Shah Alam.

[@wanalan9958]

Location of most stations are not well thought out thus the low ridership

[@steventan2550]

Malaysia is a socialist country where the welfare of the people is taken seriously. We have affordable public transportation, public healthcare, tertiary education, "public" housing, subsidized essential food, etc. In fact Malaysians enjoyed a higher standard of living compared to many Singaporeans.

[@amirism91]

malaysia is mixed country = capitalist + socialist. sbb tu ada public & private companies, universities, hospitals kat malaysia ni tak mcm US & Japan.

[@ThePaulz80]

Gais, penggunaan kereta di jalanraya makin meningkat walupon ade pengangkutan fasiliti berdekatan.

[@konner111]

naikkn harga ron95

[@athan7199]

This is very bad planning... why build such massive stations and the Corp garb all the land around the stations. Later it will be "transferred" to some minister name!!. Go take a look at the amount of land void of trees at Titiwangsa station... why is this land totally void except for grass..Has it been targetted by some CEO or crony or minister to grab that land?

[@asia.network5475]

Memudahkan pergerakkan Rakyat. Bersyukur lah...Bina station selesa pun bising ...bina macam reban ayam pun bising..! Semua nak komplain walaupun tambang murah...

[@steventan2550]

For future condominium projects.

[@miekidek5031]

Complete failure from the ministry

[@AymanHuzaini]

@@miekidek5031...look at Indonesian transport system..then you'll understand 'failure'...been there ??

[@tswong2409]

Not safe, many troublemaker,.. Understand la 😂😂😂

[@siddd88]

A lot of wastage is come from low or even zero ridership of MRT feederbuses that operates up to 12am in line with the MRT train schedules. Many time I see zero riders on those buses esp on off peak hour eventhough the fare is very cheap. Bus must always moving but no riders. School students must be educated n enforced to use public transport includes parents.

[@athan7199]

yeah especially where there are bungalow lots like in Damansara, the feeder buses are still running but mostly and majority of the time the buses are empty...somebody is making money from running these empty buses in these areas!!

[@siddd88]

@@loorobert6430 no need no more

[@owl._717]

Mrt really need to improve their service they should make announcement if want to close station early and there's station close early than other i really wondering why tho

[@michaelchia8677]

Government should build more stations underground and not above ground. The reason being those built above ground are mostly along highways which makes access by the walking public dangerous and only possible by feeder buses that are not punctual. I noticed that most of the public transport is taken by foreigners because they don't have a choice. The nearest MRT station near my house in Sri Damansara is a 19 minute walk from my house. It is only partly shaded and I usually have to spend an extra RM4.50 for the park and ride. Luckily I am a senior citizen. Our LRT, MRT and Monorail network in the city centre ie golden triangle is fairly good but not in the residential areas.

[@tg988]

Memang MRT dan HSR seluruh dunia semuanya rugi kecuali Hong Kong, Singapura, China MTR Hong Kong untung dari penunggangan tinggi dan transaksi harta tanah yang bernilai tinggi sekitar stesen MTR. MRT dan bast Singapura untung dari penunggangan tinggi. Hanya 34% rakyat Singapura ramai memilik kereta. HSR Beijing - Shanghai untung dari penunggangan tinggi setiap hari. Populasi Beijing (21 juta) dan Shanghai (26 juta) yang sangat tinggi Memang dijangka MRT dan HSR (akan datang) Malaysia akan mengalami kerugian. Kerajaan kena tanggung kerugian seperti semua kemudahan awam seperti sekolah, hospital, bekalan air, bekalan elektrik.

[@lailalala8624]

@@tg988 Project pengangkutan awam Di China bukan semuanya untung dari segi kutipan charge muatan, keretapi dari dearah Timur ke Tibet dan xinyang di barat rugi dari segi kutipan charge tetapi untung dearah barat dari segi penyambungan dengan Timur dengan perjalanan dgn cepat Di mana hasil pertanian dapat Di hantar ke Timur dgn cepat, dan orang dari Timur dapat melawat dearah barat yg akan buat social economic barat Naik setaraf dgn Timur.

[@amirism91]

tapi awal2 tu tak untung jugak baru2 ni je untung. mrt KL ni satu hari akan untung jugak

[@BBme]

ongoing projects and new projects benefits ruling politicians pockets. So every new party take over, they will demolish the old projects of enemies if the projects new negotiations failed and didnt benefit them.

[@Kalelai087]

For a start you can start building some parking complexes for the stations along Putrajaya line. How would you get people to use MRT if they can’t drive and park there, meanwhile your feeder bus system’s network is limited.

[@dithienchon6126]

Increase feeder bus my place also hard to get feeder bus to MRT

[@kingbang1992]

How to increase ridership and in turn the profitability of public transport? Make fewer people drive.

[@AymanHuzaini]

@kingbang...the govt and the people should work together to continue demands for cars as usual but at the same time car users should voluntarily use the public transport on and off to support the public transport systems in the name of national ptriotism and pride ...a win win situation.The govt should improve the 'last mile ride' to enhance the public transport usage as well.

[@miekidek5031]

Don't faffing about and and waiting public money!!!!

[@155stw]

@@AymanHuzaini last mile still lacking. But this is due to bad planning from previous generations. Not forward looking. Had they reserved just some area of the public roadways for public transportation use, things would have been different.

[@hazlinabdulhamid7461]

Krisis politik harus dikurangkan supaya menggalakkan aktiviti2 dan pergerakan2 dalam negara..✌️😊✌️🇲🇾

[@joobeekhoh4485]

Penduduk Dengkil mengalami masalah menaiki pengangkutan awam untuk pergi ke Putrajaya/Kuala Lumpur selepas pandemic covid-19. MOT tolong siasat masalah ini.

[@harvinthranful]

mrt train is good but mrt is bus in not efficient enough.. not enough bus, not consistent timing etc..u need to wait every 30 mins for the bus which is too long especially with current lifestyle..hope that should be fixed

[@anokhamalaysia5117]

Betul. Cuma pantau dr segi ketirisan. Anthony Loke, you are very likeable.

[@wdp7128]

Betulatu.. Jom Tiru PRC.. Kembangkan infrastructure..

[@miketan4803]

I'm sure we'll hear the same position about future lrt losses in Penang from dap. People at the top need maths lessons. Losses can only be justified if ends of the day there is net financial gain by the country, else it's just another subsidy tax payers need to bear. Instead why not repair parts of the country that needs repairing. Not forever, each state needs to pay for future maintenance

[@tecksoontoh2046]

When it comes to transport. whether provided by government or private sector tends to lose money. Not only lrt. Buses taxis also. There is no guarantee.

[@simplisimp]

Kenapa pengangkutan awam wajib kena untung? nama pun pengangkutan AWAM, memberi akses pengangkutan ke semua rakyat Malaysia itu HAK rakyat bukan perniagaan. Betul, kalau untung lagi bagus lagi baik, semua orang suka. Tapi tak guna pengangkutan awam untung, tapi hanya rakyat yang berduit je boleh guna. Tu bukan pengangkutan awam tapi pengangkutan swasta jawabnya. Bab "repair" tu cerita lain lah, aku malas nak sembang, nanti sampai pagi tak habis hujah. Using your own logic: Imagine running police department need to be profitable first. Imagine 1st responder need to be profit 1st above all, even got disaster happen if not profitable, don't rescue. Later abang bomba ask payment first then baru put off fire. Don't confused, PUBLIC facilities with private business lah brother.

[@155stw]

Not just financial gains. But quality of life too, maybe unquantifiable. Things need to be fine tuned. Most public transportations are money losing. Like NYC's MTA can only ever expect to get 50% of their running cost from fares alone. It's a huge blackhole. The funds have to come from subsidies, car taxes, etc. No way you can get a public transportation company to break even.

[@justice791]

​@@155stw We just need to look at model countries like Singapore - how do they manage their LRT?

[@155stw]

@@justice791 true. But public transport in general should enable things not really to make profit. Singapore has a big advantage. Strong SGD means lower capex, better salary and extremely expensive vehicular costs, could also mean higher ridership high density urban area, and so on. We should definitely take a lesson on how to run things from our little neighbor down south. Look at SIA, profit in the billions every year. Compare that to MAS.

[@kfcmalaysia5580]

No country can make quick profit in public transport infrastructure investment.

[@TheJohnnyJohnny]

Connectivity between first and last mile needs to be improved. Also, we need to add Tram and BRT/ART line together with On-demand Shuttle to supplement the connectivity between train stations. On monetisation part, a lot of advertisement board, radio and visual can used within the car. Our transport ministry should learn from France and other European countries on they do it.

[@puvididdle]

ketersambungan... padahal lrt kat tempat aku main potong je kawasan3 berdekatan, takde jejantas nak sambung taman2 bedekatan, macam mana nak bina aktiviti socio ekonomi antara kawasan? budak padai mana yg gi bina cam tu? dan ada pulak stesen dgn lif OKU satu belah je, sebelah lain tu takkan ada OKU ke? atau LRT tak kisah pasal OKU? pernah aku tengok OKU dgn kerusi roda dgn warga emas cuba nak lintas simpang besar, takda zebra crossing, takda ramp utk kerusi roda.. memang bahaya.. lampu kat siling pun takde penutup, gegaran tren akibatkan lampu tu hancur terhempas kat lantai. aku pun tak tahu nak buat aduan kat mana.. kalau sesiapa ada cadangan tolong komen.

[@ngkeong3387]

Stupid.. because of the bad planning of stations location. Thats the result of low passengers

[@Ahzu46]

Skrg nak jalan kt gi KL mmg naik train je. Malas nak hadap jem. Parking Cyaberjaya, naik MRT.

[@alexchew1945]

Land use tak efficient. Coordinate with PBT or KL Mayor la

[@imaknaktamales]

Transport oriented development is what we need. What's the whole point of having MRT if you still need to pay for gas to drive your car to MRT, pay parking fees to park your car, then pay for MRT fees to get to your workplace. Haiyo.

[@dunia566]

well those development were in place before MRT ever existed. What we can see now is high rises being built on vacant lands next to the MRT stations or close to.

[@raizanlegacy8645]

Yg best... Kerajaan keluarkan dana yg pasti duit rakyat... Tpi.. Some days MRT Corp akan jadi swasta bila start untung nnti. Government boleh la.. Sedikit kembali tak untung pun... Yg untung pemegang saham yg terdiri Dari komuniti yg pernah atau sedang memegang kuasa pentadbiran negara. Itu lah senario yg selalu berlaku.

[@chiangea3495]

LRT/MRT sangat efficient but your feeder buses are suck. Certain MRT station got no feeder bus, 16 Sierra station for exampla. MRT 4 minutes peak hour vs 9 Minutes non peak hour are good.. But why feeder bus schedule are 30-40minutes? If you want more working people to use MRT, you need to think like passengers that need to arrive for the next appointment on time. Please turun padang and check most feeder buses are parking at station like UPM and the drivers are enjoying their cigarettes and handphone instead of rest for 5 minutes and move.😢 If the buses numbers are not enough please add new buses.

[@zarnshrm5191]

Yg benaknya kenapa hanya satu syarikat je yg diberi kebenaran utk bina MRT? Bg je swasta buat MRT/LRT.. Then bg konsesi selama berpuluh tahun

[@aeonbig7129]

Not corruption lah MCA 2

[@aeonbig7129]

Sakau

[@akrishnankrishnan8231]

You minister s made billions into your pocket .dont lie a lot mr yb Anthony 😂😂😂

[@MalayanRakyat-ls2cw]

Pengangkutan awam blh meraih keuntungan kah? Apabila tambang naik, nanti org awam melompat2 marah mcm mana?

[@llyna123]

Is too late to said public transport like train unconvenient to the people used it. Some resident area's just see the train nearby to passes by but no station. Some more peoples worse and hatred waiting too long time by buses transport go and arrive destination. This make all the people purchased the car or motorbike more convenient beside riding dangerous eventually occured accident, death, created jem here and there. Who else want to blamed?

[@leealex24]

Guys take more public transport if can. We have great facilities in Klang Valley. Use it, and may save money too.

[@Woo-b9l]

High income nation policy is the main cause.

[@awangbokcheh3332]

Kalau happened during BN n PN times...suratkhbar DAP x bg maaf punya akan kutuk kerajaan semasa all out...as usual...

[@redrose9867]

Tak apalah rugi, asalkan kerajaan masih mampu tanggung kos. Serupalah bina dan mengoperasi sekolah kerajaan, kalau kira nak untung saja kena tutuplah sekolah.

[@loorobert6430]

So what if losses. Our boss got meh😊.

[@sultonamangkabumisekeperha8218]

Bukan semua rakyat naik LRT, MRT ..cukai negeri-negeri kaya beratus billion dihabiskan hanya pengangkutan awam di lembah klang yg penduduk nya 25% dan tidak semua penduduk lembah Klang menggunakan LRT, MRT.

[@beelichoong2143]

Build! Build! Build! Expand! Expand! Expand ! Destroy ! Destroy! Destroy! Common sense ??????? Now who sufers???? Blame! Blame ! Blame ! Kindly take RESPONSIBILITY & ACCOUNTABILITY ! Malaysians together we stand , divided we fall ! Join as ONE ! Stand as MALAYSIANS !!! Its the RAKYAT that makes MALAYSIA !!

[@OngSoonHaw]

this so call mrt, lrt or what not should have been started since 1981 like what LEE did, cemburu konon nya ? what had our musang been doing ???

[@namazlur78]

Siapa suruh tukar allignment dlu? Lim Gone End 😂

[@mohamedhashimhamzah522]

Tak usah cerita pasal Loss... mmg seluruh dunia bisnes kereta api kebanyakan nya Loss... Mcm Spore.. sikit2 fare adjustment.. ( pandai mainkan bahasa. dulu.. " fare increment ') nmpk mcm kasarnya bahasa ya.. so ubah bahasa.. Bunyi halus sikit...

[@loorobert6430]

Ambik MRT boss marah.

[@kiadav9529]

Nk buat untul rakyat, tpi no untung budu betul

[@ks-rb4ej]

eeeeeeeee KOMUNIS!!!!

[@Toyol459]

Menteri bijak pun rugi ker huh

[@kimolowo4364]

ye lagi bijak dari menteri PAS

[@Toyol459]

@@kimolowo4364betul bijak

[@9Myth]

Bag mayat

[@othmanyaman9636]

Nak naikkan lagi tambang MRT ke...

[@rabidranathnair5473]

Semua you orang buat Business semua mesti Rugi ada MP, Mentri Mentri, Wakil Rakyat, semua kaki Rasuah, Perompak, Temberang, Tipu, Spin, Bohong

[@adamchan1998]

😂😂😂

[@aeonbig7129]

After PMX .He lies 2 weeks once

[@frankiekimtee3181]

Tak mustahak lah,, under you,, where is the H S R Kuala Lumpur to Singapore ,, l got ?money but no luck

[@leealex24]

Hsr no benefit to malaysia at all. Grow up

[@csoffline7820]

@@leealex24 it will benefit Malaysia la.....but in the next 1,000,000 years, I think.

[@eugenelim5502]

Kuala Lumpur MRT accumulated losses RM 57 billions (operations of MRT). Compared with 1mdb scandal about RM 20 billions.

[@leealex24]

Guys take more public transport if can. We have great facilities in Klang Valley. Use it, and may save money too.

[@eugenelim5502]

@@leealex24 you drive or taking MRT everyday?

[@csoffline7820]

Singapore SBS posted SGD69.1m profit while SMRT quadrupled to SGD42.5m profit in 2023.

[@leealex24]

@@csoffline7820 Dude, this is capex. Use your brain.

[@eugenelim5502]

@@leealex24 your family members how many are taking MRT everyday?? 4 out of 10 or ??

[@miekidek5031]

Iklan di keretapi MRT LRT monorail KTM bas rapit sgt sesikit Dan mereka menaiki pengangkutan awam sgt rendah!!! Takkan xde undang galak utk warga kota spt KL naik pengangkutan awam!!! Pengangkutan Sepatutnya dinaiki harian Sepatutnya 700 ribu penumpang purata setiap hari!!!! Adakah kegagalan disembunyikan???

[@thedivingbanjars5573]

Smua komen cryto ai redbean cyber.. klaka aku baca bot commnet. makin terdesak 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂