bad or good news???so the KL monorail will be renamed as RapidKL monorail??or titiwangsa line???hehehe:lol::lol::nuts:
Revamp may see RapidKL coming under Prasarana
By Kang Siew LiPublished: 2009/01/02
RANGKAIAN Pengangkutan Integrasi Deras Sdn Bhd (RapidKL) is expected to undergo a major restructuring over the next few months that could see the loss-making public transport operator come under Syarikat Prasarana Negara Bhd, say sources.
They said the proposed restructuring is aimed at streamlining current administrative procedures between the two organisations, reducing duplication and overlapping of functions and cutting costs.
Under the current structure, RapidKL and Prasarana operate as separate companies, even though both are wholly-owned government companies under the Ministry of Finance Inc.
Prasarana is the asset owner of the two light rail transit (LRT) systems and bus services in the Klang Valley, while RapidKL operates them.
"As part of the proposed restructuring plan, the KL Monorail operations may be injected into RapidKL's network for the latter to run," a source told Business Times.
In December 2007, Prasarana took over the assets and operations of the KL Monorail System, which is currently being managed by KL StarRail Sdn Bhd, a wholly-owned subsidiary of Prasarana.
Another source said the proposed restructuring will also likely result in Rapid Penang Sdn Bhd, a wholly-owned subsidiary of RapidKL and operator of Penang's bus service, being made a subsidiary of Prasarana.
Sources said the proposed restructuring will also involve the redeployment or redesignation among senior executives of both companies.
It is understood that Prasarana group managing director Datuk Idrose Mohamed will continue to head the company under the new organisational structure, while RapidKL chief executive offi-cer Suffian Baharuddin is expected to assume the role of execu-tive director.
"In addition, the restructuring may see an internal merger of some divisions including asset management and development, and strategic planning and communications," a source said.
RapidKL officials could not be reached for comment yesterday.
Prasarana owns the assets of two LRT lines namely the Ampang Line (formerly known as Star-LRT) and the Kelana Jaya Line (formerly Putra-LRT).
Apart from being the asset owners of the two LRT systems, Prasarana also supplied 1,055 new buses as of April last year to service routes within the Klang Valley and 150 buses in Penang.