MoT to lease trains from China’s CRRC in RM10b deal to cut costs, enhance transport, says Anthony Loke
PUTRAJAYA, Aug 14 — The Ministry of Transport will begin leasing trains for the country’s rail system in a policy pivot meant to save cost, as Putrajaya sought to spur the country’s rail transport system.
Chinese company CRRC have already been identified as the supplier with the contract estimated to be worth just over RM10 billion, its minister Anthony Loke told reporters here.
The first phase will involve leasing 62 trains for the Keretapi Tanah Melayu Berhad, the national train company that also operates the ETS. The contract value is for the supply of more than 230 trains in the course of 30 years, Loke said.
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