Thursday, 13 July 2023

Economy : Is Mass Rapid Transit company making profit ?

 

 

There is an argument about how Mass Rapid Transit (MRT) in Malaysia can make profits.

According to the information of Paultan org on 2018 March, the profit margin is :

Ridership on the Mass Rapid Transit (MRT) system is averaging around 140,000 passengers a day, but the rail project is still some way away from any profitability. According to deputy finance minister Datuk Othman Aziz, it will need to meet a target of 250,000 passengers on a daily basis to break even, Bernama reports.

 https://paultan.org/2018/03/27/mrt-needs-250000-daily-passengers-to-break-even/

 Therefore, should Malaysia stop running the line and change to Bus Rapid Transit (BRT) or on bus lanes as suggestion by Anak Pinang blog suggested. 

https://malaysiakusayang.blogspot.com/2023/06/penang-lrt-wisedom-or-doom-part-1.html

 Here is the place for you to read the financial statement below:

https://www.mymrt.com.my/financial-statement/

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