Malaysia Berhad Infrastructure (English: Malaysian Infrastructure Limited) is a 100% government-owned company established by the Ministry of Finance (Malaysia) as a legal entity established under the Minister of Finance (Establishment) Act 1957 to own the assets of Malaysian multi-modal public transport operators, under government measures to restructure the city's public transport system. It is one of the largest public transportation companies in Malaysia besides the Transnational Berhad Consortium. As a government-owned company since 1998, the company operates a light and stage metro bus service through several wholly owned subsidiaries.
Video Prasarana Malaysia
Subsidiaries
The new Infrastructure structure includes the creation of four new entities - Rapid Rail Sdn Bhd; Rapid Bus Sdn Bhd; Integrated Management Infrastructure and Engineering Services Sdn Bhd (PRIME); and Integrated Infrastructure Development Sdn Bhd, or PRIDE. Announcing this at a media briefing in Kuala Lumpur on January 3, 2013, former Managing Director of Infrastructure Group Dato 'Shahril Mokhtar said the move is part of the company's five-year long-term plan underlined by the Go Forward Plan 2.0 (GFP 2.0)) blueprint.
- Rapid Rail Sdn Bhd
- Rapid Bus Sdn Bhd
- Integrated Management Infrastructure & amp; Engineering Services Sdn Bhd (PRIME)
- Integrated Development Infrastructure Sdn Bhd (PRIDE)
- Rail Infrastructure And Infrastructure Projects Sdn Bhd (PRAISE)
- Infrastructure Integrated Solutions & amp; Management Sdn Bhd (PRISM)
- Rapid Ferry Sdn Bhd
Maps Prasarana Malaysia
Service mark
- Rapid KL Trolley operated by Rapid Rail Sdn Bhd
- Rapid TOS bus operated by Rapid Bus Sdn Bhd
- The Penang fast bus is operated by Rapid Bus Sdn Bhd
- Kuantan bus is quickly operated by Rapid Bus Sdn Bhd
- Rapid Mobiliti is a shuttle van service for commuters with disabilities operated by Rapid Bus Sdn Bhd
- Rapid Ferry was previously known as Penang Ferry Services operated by Rapid Ferry Sdn Bhd
- My Quick Touch 'n Go Card is a stored value card for tariff usage on fast trains and buses in Kuala Lumpur alone.
- Fast Passport is a pre-paid ticket for 7 days of unlimited bus travel for the Penang Rapid bus service.
Operation
The main business of Infrastructure is providing public transport services in Malaysia. The main operations are as follows:
- Rapid Bus Sdn BhdÃ, - Bus Rapid KL operates in Klang Valley and Selangor, providing services for over 200 routes including routes to support the operations of its brother company Rapid Rail Sdn Bhd. As reflected by their name, Rapid Penang operates on the islands of Penang and Butterworth; covering 46 routes. Rapid Kuantan, which started operations on December 1, 2012, currently serves a total of 12 routes around the state capital of Pahang.
- Rapid Rail Sdn BhdÃ, - operates 60 operational stations along the Ampang LRT, Kelana Jaya LRT & amp; KL Monorail Network in Kuala Lumpur under the brand name Rapid KL.
- Integrated Development Infrastructure Sdn Bhd - is in the sector of transport infrastructure development to utilize and maximize the economic potential of government-assigned and real estate land banks Infrastructure that has several properties in the form of light metro stations (LRT), depots and Park facilities -n-Ride for commuters.
- Integrated Management Infrastructure & amp; Engineering Services Sdn Bhd - develop and manage the infrastructure and facilities of Rapid Rail Sdn Bhd; rolling stock; roadside system; applied systems; infrastructure and bus system; employment contract; project governance; business development; and project safety and health management.
International presence
- Awarded Al Mashaaer Al Mugaddassah Metro Southern Line since November 2014 for a 3-year contract.
Station naming rights program
In an effort to increase revenue beyond advertising and collection of fees, Malaysia Berhad Infrastructure has introduced a "new station naming program", in which brands and companies will bid for the opportunity to rename and change the brand of any selected station owned by Infrastructure for a fee. The program goes hand in hand with the infrastructure plan to promote the use of public transport and to improve facilities and services through rebranding and upgrading stations.
GGICO (Dubai Metro) is the first example of a project in the world that started a similar program. This move has been followed by Vodafone-Sol (Madrid Metro) and Atlantic Avenue-Barclays Center (New York City Subway).
Station prefix names will be assigned to successful bidders and bidders have rights to elements around stations such as station areas, route maps, pamphlets and brochures, carrier websites and also train destination announcements. According to Malaysian Infrastructure sources, the station's original name remains to show the location of the station. The program is fulfilled in partnership with the Big Tree Outdoor Sdn Bhd advertising agency and a UK-based marketing and sponsorship firm called Phar Partnership which aims to create new revenue sources instead of the tariffs that can be used to improve the services offered by Rapid KL.
First of its kind in Southeast Asia, the first three pilot projects in LRT and monorail stations have been completed, namely AIRASIA-Bukit Bintang, Bank Rakyat-Bangsar and KL GATEWAY-Universiti launched on October 10, 2015. KL Gateway is the main rebuilding of Kampung Kerinchi into premium housing, shopping malls & amp; office tower by Suez Capital, local property development.
On May 1, 2017, the CGC-Glenmarie LRT station became the fourth station to be renamed under the Station Naming Rights program.
On July 11, 2017 (a week before the launch of MRK SBK Line Phase 2), four other stations joined under the program, namely Pavilion Damansara Heights-Downtown Damansara, Manulife-Semantan, Pavilion Kuala Lumpur-Bukit Bintang and AEON-Maluri.
Extended project
Kuala Lumpur Light Transit Light 3 (LRT3) project
The LRT3 project currently under construction is the Bandar-Klang strip which will cover the western area of ​​Klang Valley.
Kuala Lumpur Additional Vehicle (KLAV) Project
The KLAV project will minimize Kelana Jaya Line head frequencies by no more than 2.8 minutes when fully implementing the new 14 Bombardier Innovia Metro ART 300 orders in a 4-car train configuration in January 2016.
Monorail fleet expansion project
Infrastructure has awarded a contract to Scomi Transit Projects Sdn Bhd, a subsidiary of Scomi Engineering Bhd. Appreciated at roughly RM494 million, the contract also includes upgrading jobs at monorail stations and electrical and mechanical systems and building a new monorail depot apart from the supply of 12 sets of new 4-car trainsets. Currently, only 8 trainsets are sent to Rapid Rail, therefore the operator can not activate the automatic & amp; to stop the old 2-car trains.
Rapid fleet expansion project
The infrastructure is still in the proposal stage to extend their bus service to all Malaysian city cities to improve public transport across the country. As before with the use of services by the city state under the name of subsidiary Infrastructure of Rapid Bus which is likely to be used is Rapid SP in Sungai Petani, Kedah and Rapid Manjung in Perak.
Sunway Line BRT Project
The first Bus Rapid Transit (BRT) project in Malaysia is BRT Sunway Line. Launched by Prime Minister Datuk Seri Mohd Najib Tun Razak on June 9, 2012, the BRT Sunway Line is a public-private partnership project between Infrastructure and Sunway Group to provide environmentally friendly electric bus services on elevated routes for residents at Bandar Sunway and Subang Jaya.
Klang Valley Rapid Transit Bulk Project
The government has set up a special unit focused on the Mass Rapid Transit project in Klang Valley, the Mass Rapid Transit Corporation Sdn Bhd (MRT Corp). MRT Corp. is a project management and technical team consisting of experts in mass rail projects and includes expertise supported from the MRT Infrastructure team.
History
Restructuring Klang Valley public transport system
The need for the Klang Valley public transport system to be restructured becomes evident as soon as the LRT line starts operating commercially when their passengers are much lower than anticipated. This resulted in lower-than-expected income levels and two LRT concession holders, the Light Transit Sdn Bhd (Star-LRT) System and the Transit Soft Automatic Transit Sdn Bhd (Putra-LRT) Project, were unable to repay their commercial loans. The 1997/1998 financial crisis worsened the situation. The two companies owe a total of RM5.7 billion in November 2001 when the Corporate Debt Restructuring Committee (CDRC) restructured the debts of both LRT companies.
The bus service in Kuala Lumpur also faces problems with lower passengers due to increased use of private cars and a lack of capital investment. Two new bus consortia formed in the mid-1990s to take over all the bus services in Kuala Lumpur - Intrakota and Cityliner - began to face financial problems. Intrakota has reportedly collected a loss of RM450 million from the 1997/1998 financial crisis until Infrastructure took over in 2003, and debts of over RM250 million between 1994 and 2003. With lower revenues, bus operators can not maintain their fleet, much less invest in more buses. The frequency and service worsened when the bus started to crash.
Because of this, public transport usage in the Klang Valley area dropped to about 16% of total trips, one of the lowest in the Asian region.
Setting up of. And Integrated Transport Network of PT
As part of the restructuring process, the Malaysian government proposes to separate ownership (thus capital expenditure) and operational aspects of public transport, with separate state-owned companies formed for each purpose.
In 1998, Infrastructure was incorporated to "facilitate, coordinate, implement and accelerate infrastructure projects approved by the Malaysian government". The Company took over the assets and operations of the Star-LRT, Putra-LRT and Putraline bus services in September 2002, renaming Star-LRT to "Starline" and Putra-LRT to "Putraline". In 2003, Infrastructure signed an agreement with Intrakota and Cityliner for the purchase of the bus. The purchase was completed in 2004.
The Deras Sdn Bhd Integration Transportation Line, the second government owned company under restructuring, was established in 2004 to handle the operational aspects of Infrastructure assets. Infrastructure delivered operations from two LRT lines and buses in November 2004.
In 2006, the government set up a new company Rapid Penang as a subsidiary of Deras Integration Transport Network PT to operate a bus service in Penang. The buses are also owned by Prasarana. Infrastructure Malaysia is one public transport.
Taking over of assets
Transit Lightweight Partnership Project Sdn Bhd (Putra-LRT)
Putra-LRT was established in Malaysia on February 15, 1994 to design, build, finance, operate and maintain the Klang Valley LRT system, known today as Kelana Jaya Line. The company, 100% owned by Renong Berhad, entered into a concession agreement with the Malaysian government on August 7, 1995. To fund the project, Son-LRT obtained a loan of RM2 billion, consisting of RM1 billion conventional facilities and RM1 billion Islamic facilities, from 27 institutions finance and non-finance of Malaysia that is governed by Malaysia's four major financial institutions, namely Niaga International Merchant Bankers Bhd (CIMB), Bumiputra Bank Malaysia Bhd (BBMB), MGI Sdn Bhd (CMGI) and Bank Islam. The 27 institutions include KWSP (EPF), Affin Bank and Commercial Bank.
The takeover of Son-LRT can be said to have started since 30 September 1999 when interest payment of RM44,589,020.33 is due. Failure to pay results in the entire loan amount to maturity. At that time, the Putra-LRT has requested the Corporate Debt Restructuring Committee of Malaysia's central bank, Bank Negara, to help restructure its debts. A proposal by the Company's Debt Restructuring Committee, involving the government taking over two LRT lines and then leasing them back to the two companies, is considered unacceptable.
Restructuring began to move again when the government accepted the concept of establishing two separate state-owned enterprises, one for owning and the other to operate public transport. The first step towards the Putra-LRT nationalization took place on November 26, 2001, when Infrastructure obtained all rights, benefits and rights under a loan from the Putra-LRT as well as the Star-LRT lender (see below for a Star-LRT takeover). This effectively makes the Infrastructure of Son-LRT and Star-LRT creditors. The loans owed by both companies amounted to about RM5.7 billion at the time. The purchase consideration has been fulfilled through the issuance of fixed series bonds of RM5,468 billion by Government-assured Infrastructure to each Star-LRT and Putra-LRT lender. According to the Corporate Debt Restructuring Committee, successful completion of debt restructuring from both companies is estimated to have reduced the rate of non-performing loans in the Malaysian banking system by RM2.9 billion or 0.7% on a six-month net basis. Commerce International Merchant Bankers Bhd was appointed as appopinted as facility agent.
On December 8, 2001, Infrastructure issued the Putra-LRT with notice of default and demanded payment of all outstanding amount within 14 days. The son-LRT replied on 24 December 2001 and informed the Infrastructure that it could not settle the amount. He also asked the government to appoint another party or himself to purchase the company's assets in accordance with the terms of the concession agreement between Putra-LRT and the government. The legal request, required under the Malaysian Company Act of 1965, was subsequently issued by Infrastructure on December 26, 2001 requesting the LRT Son to settle the outstanding amount within 21 days. The LRT-son again replied on 17 January 2002 by saying that they could not settle the amount owed and asked the government to take over. The petition filed on February 8, 2002 and presented to the company on March 20, 2002. On April 26, 2002, the Kuala Lumpur High Court made an order for the closing of the LRT-Son and on the same date, appointing Gan Ah Tee, Ooi Woon Chee and Mohamed Raslan Bin Abdul Rahman as a liquidator. Earlier on 3 April 2002, the Malaysian Ministry of Finance officially announced that the government through Infrastructure took over the assets of both Putra-LRT and Star-LRT.
On August 30, 2002, the Putra-LRT signed a sale and purchase agreement with Infrastructure for the sale of all its assets. The consideration for the sale consisted of a balance after the project cost of RM5,246,070,539 was offset by the amount owed to Infrastructure, plus project costs from 1 April 2002 to 1 September 2002 stipulated as settlement dates, plus a total of RM16,867,910 to "project costs not yet verified "which is then verified by supporting documents. All Infrastructure costs to acquire the assets of Son-LRT are reported to be RM4.5 billion.
Infrastructure took over Putra-LRT assets and operations from 6.00 a.m. on September 1, 2002. PT Light Star Transit System (Star-LRT)
The takeover details of the Light Terit Transit System Alone Berhad (abbreviated as Star-LRT), which operates what is known today as the Ampang Line, is slightly more difficult to come by when compared to the takeover of PUTRA-LRT because the company is not owned by a public company. The Star-LRT shareholders, formed on November 13, 1991, are the Malaysian Employee Provision Fund (25%), Kuala Lumpur Transit Group Sdn Bhd (a 50:50 joint venture between Germany AEG Pte Ltd, the electronics division of Daimler-Benz , and British construction company Taylor-Woodrow) (30%), Institute of Pilgrim Tube (15%), Tube Force (5%), Wang Amanah Pencen (5%), STLR Sdn Bhd 5%) and Shell Malaysia/Sabah/Sarawak (5%), American International Assurance Co Ltd (10%), Apfin Investments Pte Ltd, investment arm of the Singapore Government (5%). The 60-year concession agreement between Star-LRT and the Malaysian government for Phase One project (between Sultan Ismail and Ampang station) was signed on December 22, 1992 while a separate concession agreement for Phase Two (between Chan Sow Lin and Sri Petaling Station, and Sultan Ismail and Sentul East) was signed on June 26, 1995. The cost of Phase One was RM1.2 billion and RM2.2 billion for Phase Two. Star-LRT increased its RM800 million loan for Phase One and RM1.32 billion from Bank Bumiputra Malaysia Bhd for Phase Two.
In the late 1990s, Star-LRT, like Putra-LRT, also failed on loan payments and on November 30, 2001, the Malaysian Central Bank's Corporate Debt Restructuring Committee, Bank Negara announced that Infrastructure had taken over the Star-LRT debt together. with Son-LRT. The combined debt of both companies reached RM5.5 billion.
On December 8, 2001, Infrastructure issued a request letter amounting to RM1,045,681,273.83 because on that date based on the facility agreement entered on 13 August 1993. However, there was no answer. On December 10, 2001, another request letter was issued to Star-LRT for RMI amounting to 498,538,278,58 based on a loan agreement dated July 17, 1995 for the Phase Two project financing. On 26 Dec, it serves a statutory request notification on STAR-LRT, again requesting a refund amount and the company only succeeds in partial payments.
Two petitions to end the Star-LRT were filed to the High Court on 21 February 2002 for failure to pay RM1,051,509,127.16 on December 26, 2001 for the first loan and failure to repay the second loan amounting to RM1,506,385,705.28 as of December 26. On May 3, 2002, the High Court appointed Gan Ah Tee, Ooi Woon Chee and Mohamed Raslan Abdul Rahman as temporary liquidators.
On September 1, 2002, Infrastructure took over Star-LRT assets and operations. The takeover is reportedly costing the government of RM3.3 billion.
Composite Intrakota Alone Berhad
Intrakota Komposit Alone Berhad, a subsidiary of DRB-Hicom Berhad public company, was one of two consortia selected in 1994 to run city/stage bus services in Kuala Lumpur and surrounding areas. The other company is Park May Berhad which operates its buses under the brand name Cityliner. Under the policy, Intrakota purchased and took over the route of two traditional Kuala Lumpur bus companies, namely SJ Vehicle Alone Berhad (better known as Sri Jaya) and Toong Fong Omnibus Alone Berhad Company, one of the first bus companies in Kuala Lumpur. Intrakota also took over most of Kuala Lumpur's minibus routes after the government stopped their services in 1998. All buses were branded as Intrakota.
The circumstances that caused the financial difficulties of Intrakota could be blamed on the financial crisis of 1997/1998, the decreasing number of people using public transport and the failure by the government to implement a two-bus-consortium policy that resulted in unexpected competition.
In 1999, the Intrakota group of companies was under the scope of the Corporate Debt Management Reform Committee and when the committee ended its business in June 2002, Intrakota and its parent DRB-Hicom continued to negotiate with the government which eventually led to the bus being taken over by Infrastructure.
The company's dire situation was clear when on January 29, 2003, creditors RHB Finance Berhad and RHB Delta Finance Berhad took back 34 buses. The buses were returned to Intrakota after several rounds of negotiations with creditors. On the same day, it also revealed that it was being sued or a total of RM25,893,558.36 by AMMerchant Bank Berhad (RM11,234,839.93), Unity Berhad (RM1.091.939.12) and Sogelease Advance (Malaysia) Alone Berhad (RM13.566,786.31). Then, when restructuring Intrakota's debt, DRB-Hicom stated that the company had an accumulated debt of RM258 million on June 30, 2003, consisting of principal amount RM188.2 million and interest amounting to RM69.8 million.
On October 29, 2003, Intrakota, together with its subsidiaries Intrakota Consolidated Berhad, SJ Vehicle Alone Berhad, Toong Fong Omnibus Alone Berhad Company, Malaysia Freight Force Alone Berhad and SJ Binteknik Alone Berhad, and other DRB-Hicom subsidiaries Euro Truck and Bus (Malaysia) chatted Berhad, signed a sale and purchase agreement with Infrastructure for the sale of their bus-related assets totaling RM176,975,604. The initial acquisition cost of the asset is approximately RM557.4 million, acquired over a 9-year period since 1994. The net book value of the assets as of June 30, 2003 is approximately RM269.9 million.
Sale of assets to Infrastructure was completed on May 5, 2004. On the same day, Infrastructure signed a temporary agreement and maintenance agreement with Intrakota Consolidated for interim operation of the bus network previously operated by Intrakota. The interim arrangement was suspended when Infrastructure handed over its operations to RapidKL in November 2004.
In May 2008, Malay Mail posted articles investigating the fate of the remaining Intrakota buses. 1.000 Iveco TurboCities which were originally purchased at a cost of RM0.5 million were each found abandoned in Batang Kali and Rawang, each one only guarded by a security personnel. Critics are directed at RapidKL on what is seen as 'training extensively', old buses are only 7 to 15 years old and more expensive than the newly purchased Mercedes-Benz bus RapidKL.
Cityliner Limited
The Cityliner buses involved in the acquisition by Infrastructure are those which are operated by two companies - Cityliner Alone Berhad and Len Chee Omnibus Company Alone BerhadÃ, - in Kuala Lumpur under the brand name "Cityliner". The two companies are subsidiaries of Park May Berhad previously listed on the exchange, which in turn is a subsidiary of Renong Berhad. Cityliner, founded on August 30, 1994, is wholly owned by Park May while Park May owns 85% of Len Chee.
In 1995, Cityliner took over the route previously operated by Len Omnibus Company Berhad, Berhad Berhad Berhad Company and Foh Hup Berhad Transport Company which is within a 15 km radius of downtown Kuala Lumpur under the government's policy of having two bus consortia to operate the city bus in Klang Valley. Len Chee was founded on December 29, 1937 and is one of the pioneer bus companies in Kuala Lumpur. It was purchased by Park May in 1995 under the same government policy.
Cityliner is also the brand name for bus service in Seberang Perai, Penang; parts of Negeri Sembilan; Kuantan, Pahang; and between Klang and Sabak Bernam in Selangor. These services, known as "north", "south", "east" and "central group" respectively, are not involved in the acquisition by Prasarana.
The city bus or the operational stage has always been Park May's main business. However, the group, which also operates a long-distance express bus service, began to make losses following heavy operating conditions, with city bus/stage bus operation contributing to most of these losses. In addition to reducing the number of users of public transport, the company also blames the government's failure to enforce previous policies that have only two bus consortia, one of which is Park May, to operate the city bus in Kuala Lumpur due to financial difficulties. It begins to affect bus operation due to lack of maintenance causing frequent damage, so the service is not reliable.
Park May, on 1 March 1999, applied to the Corporate Debt Restructuring Committee to seek help to restructure its debts.
On October 27, 2003, Cityliner and Len Chee signed an asset sale and purchase agreement with Infrastructure for the sale of 321 buses and 43 buses owned by Cityliner and Len Chee each with a total cash cost of RM14,841,012. Of this amount, RM13,456,649 will be used as a redemption portion of the commercial paper/medium term notes program obtained on January 23, 2007, and RM1,220,000 will be used to finance sales expenditures to Infrastructure. The sale was completed on April 30, 2004 with a total cash adjustment amounting to RM14,438,920 for 347 buses.
Source of the article : Wikipedia
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