i see they will screwed...finance for it isnt solid
There also a new that they will issue some bonds to finance the MRT project.
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Q: How will MRT be funded? A: The RM48b MRT project will be fully funded by the government. Malaysia will likely emulate Hong Kong’s Rail + Property development model, which could see private developers being roped in as joint venture partners. 2H11 could see the issue of US$10b Islamic bonds to fund the first phase – take-up should be strong as local funds are hungry for high-yielding papers, while the government can afford to tap into the international market given Malaysia’s current low foreign debt levels. The MRT will go a long way in helping to reduce the government’s fuel subsidy (estimated to hit RM18b this year vs RM10b in 2010).
it's kind of weird when people talks about public transport they always talks about how packed it is during peak hours... isn't suppose to be that way?meaning resources are maximized?...if there are many spaces left...that means the trains are being underutilized...
it is just as an excuse for not using public transportation. Anyway Malaysian public transportation is not effective enough especially KTM.
This post has been edited by yinchet: Jul 31 2011, 01:39 PM
Ultimate Sg Buloh-Kajang MRT construction thread 
Jul 31 2011, 07:39 AM
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