The KL Monorail is a monorail system (previously known as Peoplemover Rapid Transit - PRT) in Kuala Lumpur, Malaysia, opened 31 August 2003, and serves 11 stations running 8.6 km with two parallel elevated tracks. It connects the Kuala Lumpur Sentral transport hub with the "Golden Triangle". It was completed at a cost of RM1.18 billion by the KL Infrastructure Group (KL Infra).
KL Infra declared bankruptcy on May 15, 2007 after repeatedly missing loan repayments. On November 29, 2007, Syarikat Prasarana Negara Berhad (SPNB) has signed a sale and purchase agreement with KL Monorail Systems Sdn Bhd (KLMS), which has made SPNB, the current operator of RapidKL, the new operator of the KL Monorail. [1]History
The monorail's construction was initiated by Hitachi, Ltd., but the 1997 East Asian financial crisis led to cessation of work in December 1997. When work was resumed in July 1998, MTrans Holdings took over, locally manufacturing its own rolling stock and completing the project to save cost;[2] the line was completed at a cost of RM1.18 billion. As the line was opened in 2003, it was agreed that the parent company and owner of the KL Monorail, KL Infrastructure Group, would hold a 40-year concession to operate the monorail. The line and number of stations remains unchanged since 2003.
Since the start of the KL Monorail's operations, the KL Infrastructure Group suffered losses due largely to depreciation and interest repayment costs.[4] For the financial year ending April 30, 2004 alone, KL Infra posted a net loss of RM46.24 million on a RM15.08 million revenue.[5] KL Infra had also taken up a RM300 million Malaysian government loan and a RM260 million infrastructure loan from the Development Bank of Malaysia (Malay: Bank Pembangunan Malaysia, BPM). In addition, KL Infra had proposed to buy MTrans' three subsidiary companies to improve its business, but failed after the Scomi Group bought up some of the targeted companies.[4]
KL Infra declared bankruptcy on May 15, 2007 after repeatedly missing loan repayments. On November 29, 2007, Syarikat Prasarana Negara Berhad (SPNB) has signed a sale and purchase agreement with KL Monorail Systems Sdn Bhd (KLMS), which has made SPNB, the current operator of RapidKL, the new operator of the KL Monorail. [1]History
The monorail's construction was initiated by Hitachi, Ltd., but the 1997 East Asian financial crisis led to cessation of work in December 1997. When work was resumed in July 1998, MTrans Holdings took over, locally manufacturing its own rolling stock and completing the project to save cost;[2] the line was completed at a cost of RM1.18 billion. As the line was opened in 2003, it was agreed that the parent company and owner of the KL Monorail, KL Infrastructure Group, would hold a 40-year concession to operate the monorail. The line and number of stations remains unchanged since 2003.
Since the start of the KL Monorail's operations, the KL Infrastructure Group suffered losses due largely to depreciation and interest repayment costs.[4] For the financial year ending April 30, 2004 alone, KL Infra posted a net loss of RM46.24 million on a RM15.08 million revenue.[5] KL Infra had also taken up a RM300 million Malaysian government loan and a RM260 million infrastructure loan from the Development Bank of Malaysia (Malay: Bank Pembangunan Malaysia, BPM). In addition, KL Infra had proposed to buy MTrans' three subsidiary companies to improve its business, but failed after the Scomi Group bought up some of the targeted companies.[4]
Rolling stock
The system utilises permanently coupled 2-car trains with similar styling and designs as the Seattle Center Monorail's ALWEG trains.[2] The KL Monorail trains are capable of accommodating 158 passengers each during regular operations. The monorail carriages themselves were constructed by MTrans, a Malaysian monorail manufacturer,[2] at the MTrans plant in Rawang, which also featured its own tracks for monorail train tests
The system utilises permanently coupled 2-car trains with similar styling and designs as the Seattle Center Monorail's ALWEG trains.[2] The KL Monorail trains are capable of accommodating 158 passengers each during regular operations. The monorail carriages themselves were constructed by MTrans, a Malaysian monorail manufacturer,[2] at the MTrans plant in Rawang, which also featured its own tracks for monorail train tests
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