KUALA LUMPUR: Keretapi Tanah Melayu Bhd (KTMB) will consult the Finance Ministry to restructure the national railway operator’s debts, its newly-appointed managing director Dr Aminuddin Adnan said.
He said he would look into various options to improve the financial situation of KTMB.
“It is a little too complicated to elaborate here,” he said after giving breaking of fast food packets to KTM Komuter passengers at KL Sentral station yesterday.
Yesterday’s function was the first for Dr Aminuddin as KTMB managing director. He was appointed three weeks ago.
Dr Aminuddin was previously the chief executive officer of Express Rail Link Sdn Bhd which operates the KLIA Ekspress and KLIA Transit train services to KL International Airport (KLIA).
It was earlier reported that KTMB has been running at a loss since it was privatised in 1992 due to the high operating costs of RM200mil a year.
Dr Aminuddin said that besides looking into the finances of the company, he would also work towards improving KTMB’s services.
“We are in the midst of acquiring spare parts and restoring idle carriages to be fit for operation,” he said.
Dr Aminuddin said KTMB recently rented five locomotives from the Indian Railway Construction Company as a short-term measure to meet a shortage of trains in operation.
On KTMB’s preparations to meet passengers’ demands for Hari Raya, Dr Aminuddin said KTMB was ready to handle the exodus.
“We have increased our capacity by 20%. A total of 100,734 tickets have been made available by KTMB for the festive season from Sept 15 to Sept 27 and 35,073 tickets have already been sold,” he said.
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