New business potentials in Prasarana’s radar into the next decade
Syarikat Prasarana Negara Berhad (Prasarana), asset owner of Klang Valley’s public light rail transit (LRT) and bus services, will continue to explore new business areas to support its existing core business of providing world-class urban public transport system in the country.
Chairman Tan Sri Ismail Adam said he is confident that Prasarana has the potential to excel in the new potential areas given that the company has a lot of expertise and skills to offer in the services sector.
“We are on the right track to enter our new decade. We are now wiser and have more to offer. We are confident that we can register excellence in many commercial areas.
“The principles we practise in our Go Forward Plan (GFP) are strong work culture and capable of propelling us to greater heights,” he said at the Prasarana’s 10th Anniversary Celebration in Kuala Lumpur yesterday.
The celebrations were officiated by Land Public Transport Commission Chairman Tan Sri Syed Hamid Syed Jaafar Albar. Also present were Prasarana Group Managing Director Dato’ Shahril Mokhtar and former senior management of the company. It was held in conjunction with the company’s Eid Fitr Open House ceremony where more than 4,000 guests attended.
At present, companies that are in Prasarana’s stable are Rangkaian Pengangkutan Integrasi Deras Sdn Bhd which runs and manages the LRT and bus services; the Kuala Lumpur monorail services operator, KL StarRail Sdn Bhd, and Rapid Penang, the public bus services operator in the state.
Prasarana was incorporated on 1 September 1998 under the Minister of Finance Incorporated. It started its operations in 2002 following the acquisitions of assets and LRT services from Sistem Transit Aliran Ringan Sdn Bhd and Projek Usahasama Transit Ringan Automatik Sdn Bhd. It had also taken over the cable car services management in Langkawi from the Langkawi Development Authority (LADA) in 2002. However, the cable car business was then sold back to LADA last August.
After taking over the LRT assets and operations, Prasarana then was tasked by the government to manage the public bus operations of Intrakota dan Park May in 2003. The monorail services came into Prasarana’s list of services following the acquisition of Kuala Lumpur Monorail Systems Sdn Bhd in 2007 thus making the company the key player of Klang Valley’s urban public transport system.
Ismail said the wide scope of experiences that Prasarana has in the management of rail, bus and cable car services in the last decade has placed the company on a stronger footing to explore other business opportunities.
Meanwhile, SPAD chairman Tan Sri Syed Hamid said more efforts are needed to encourage the masses to use public transport services to further reduce traffic congestion in the Klang Valley.
“Traffic jams bring a host of negative elements. They lead to unhealthy lifestyle, bad work ethics and poor productivity as employees are stuck in traffic on their way to work,” he said in his speech.
Syed Hamid noted that an efficient public transport system is needed considering that the population of Klang Valley will increase to 10 million by 2020 from the current population of 6 million.
“The best approach is to make available an integrated network of urban public transport system that is so efficient to the extent that the public are willing to leave their cars at home and opt for the public transport to commute,” he added.
He said the main target now is to reduce the number of private cars entering the Klang Valley to a ratio of 60:40 by the year 2020, where the 40% are public transport users.
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