CGC launches CGC-Glenmarie LRT station

Renamed station: Deputy Finance Minister II Datuk Lee Chee Leong pointing out the CGC-Glenmarie LRT station. With him are Zamree (left) and CGC chairman Datuk Agil Natt.

PETALING JAYA: Credit Guarantee Corporation Bhd (CGC) is targeting an exposure to five million commuters every month through the rebranding of the Glenmarie Light Rail Transit (LRT) station on the Kelana Jaya Line.

The company which officially launched the renamed station called CGC-Glenmarie LRT Station is the fourth to do so under Prasarana Malaysia Bhd’s station naming rights programme after AirAsia-Bukit Bintang monorail station, Bank Rakyat-Bangsar LRT station and KL Gateway-Universiti LRT station.

“We think there are at least 80,000 small and medium enterprises (SMEs) operating along the Kelana Jaya Line. In Malaysia we have about 600,000 SMEs and two thirds of the SMEs are in the Klang Valley.

“This is why we decided to bid for the naming rights for this station,” CGC’s chief executive officer Datuk Mohd Zamree Mohd Ishak said at a press conference after the launch yesterday.

“We are also excited that when the LRT 3 is ready that this would be a major interchange going to the Shah Alam and Klang areas,” he added.

He noted 230,000 cars used the Subang Airport Road beneath the station every day and this would help it increase awareness of the firm.

Zamree said that he was unable to disclose the amount that CGC bid for from Prasarana due to a non-disclosure agreement that had been signed with the latter.

The CGC-Glenmarie LRT station also has a park and ride facility with 570 parking bays which is an added value to the station, it said in the press release.

The said station is located some 100 meters from the CGC headquarters in Kelana Jaya.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Business , CGC , SMEs , Prasarana , LRT , Glenmarie


Next In Business News

Abu Dhabi's Mubadala posts record annual income and investment
Bank Negara maintains OPR at 1.75%
Malaysia Airlines offers training opportunity in aviation industry
Singapore Press to spin off media Into non-profit entity
March manufacturing sales at 44-month high of RM126.9b
Hong Seng partners Pow Pocket for Johor immigration registration platform
MISC posts RM429.8m net profit in 1Q, div 7c
FBM KLCI extends decline for fifth day, gloves slide
March industrial output surges 9.3% on-year, highest since mid-2013
Asia shares, commodities firm on recovery bets; A$ hit by China move

Stories You'll Enjoy