Low fares keeping KTM Komuter services in the red, says Loke

Low fares keeping KTM Komuter services in the red, says Loke

Transport minister says while raising ticket prices could help turn a profit, this is not a priority at the moment.

ktmb
KTM Komuter services in the Klang Valley started in August 1995, initially running from Kuala Lumpur to Rawang on the original Seremban line. (Bernama pic)
GOMBAK:
Keretapi Tanah Melayu Bhd’s (KTMB) Komuter services have yet to turn a profit due to the low fares subsidised by the government, says transport minister Loke Siew Fook.

While raising ticket prices could help KTM Komuter become profitable, he said this is not a priority at the moment as KTMB is a GLC with a social responsibility.

“Of course, we hope they can eventually achieve financial sustainability. However, that is not our primary concern right now.

“What’s more important is improving operational efficiency over time and narrowing the funding gap,” he said after the launch of new diesel buses at the Rapid Bus Complex in Batu Caves.

Loke said KTMB’s cargo service and electric train service (ETS) continue to be profitable.

“The key is to ensure that KTMB’s overall operations continue to improve, particularly for KTM Komuter, ETS, and the cargo services, which are generating profits,” he said.

KTM Komuter services in the Klang Valley started in August 1995, initially running from Kuala Lumpur to Rawang on the original Seremban line.

No plans to extend ETS to east coast

Loke also said there are no plans to extend the ETS service to the east coast, as the region lacks the infrastructure.

The east coast is currently served by KTMB’s diesel multiple units as the railway lines are single-track and non-electrified, but the East Coast Rail Link project will still serve the region in the future, he said.

He said the ETS service will continue to focus on the west coast, operating between Padang Besar in Perlis and Johor Bahru.

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