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KUALA LUMPUR (Aug 2): Prasarana Malaysia Bhd plans to allocate RM90 million to upgrade Penang’s ferry service facility and to buy new ferries, according to Transport Minister Anthony Loke.
Prasarana, via its subsidiary Rapid Ferry Sdn Bhd, took over the operations of ferry services in Penang from Penang Port Sdn Bhd on May 1, 2018.
From the planned allocation, RM21 million will be used to buy new passenger-only ferries for this year and next, said Loke in his winding-up speech in Parliament here yesterday.
Prasarana will also be undertaking repair works for six existing ferries for a three-year period beginning this year, estimated to cost as much as RM13.7 million, he added.
This article first appeared in The Edge Financial Daily, on Aug 2, 2018.
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