Studying ways to finance LRT

Lee asked about the estimated peak period demand for the LRT line from Komtar to Penang International Airport.

THE ‘fare box’ revenue will not be enough to cover the operational cost of the proposed Light Rail Transit (LRT) system under the Penang Transport Master Plan, said state Local Government and Traffic Management Committee chairman Chow Kon Yeow (DAP-Padang Kota).

“The business model for the LRT operation is still being studied by SRS Consortium and the state government will be looking into the feasibility on how the operation can be financed through the letting of retail spaces, interchanges and transit oriented development.