KUALA LUMPUR – Putrajaya has agreed for Express Rail Link Sdn Bhd (ERL) to implement market-driven fares, effective immediately, after inking the additional concession agreement today, effective 2029 to 2059.
This is made possible due to the extension of the 30-year concession will enable ERL to determine fares based on market considerations.
From 2029, the government will no longer have to pay any fees from the passenger service charge (PSC) revenue to ERL, as agreed by both parties.
“This additional concession agreement is seen as a win-win situation between ERL and commuters where ERL is able to provide the best service without adding to operational costs. The government remains committed to improving alternative services for KLIA that will create competitive fare options.
“The ERL needs to ensure the level of service provided is in line with the fares charged,” said Transport Minister Anthony Loke at the event at the Majestic Hotel here today.
Starting in February, ERL will add five more airlines to its self-service check-in kiosks at KL Sentral heading to KLIA. Previously, this facility was available for Malaysia Airlines and Batik Air passengers.
ERL is actively engaged in renewable energy initiatives through the installation of solar panels at the Bandar Tasik Selatan and Salak Tinggi stations and depot buildings capable of supplying 10% of the energy required for their operations.
In terms of passenger numbers, KLIA Transit and KLIA Express collectively had 8.9 million passengers in 2019. In 2023, the passenger count stood at 6.58 million, representing 74% of the number recorded in 2019.
The agreement was signed by ERL executive chairman Tan Sri Muhammad Hariz Mohd Nadzmi, ERL chief executive officer Noormah Mohd Noor, Transport secretary-general Datuk Jana Santhiran Muniayan, and Transport’s Land Division undersecretary Wan Mohd Asraf Wan Salleh. – January 23, 2024