Heavy 'losses' of MRT Corp not solely for financial gain but positive economic impact, says Loke

KUALA LUMPUR: The heavy financial “losses” of Mass Rapid Transit (MRT) Corp Sdn Bhd reflects its true purpose in supporting long-term socio-economic growth for the country and people, says Anthony Loke.

The Transport Minister said MRT Corp’s incurred losses were due to the high capital expenditure costs to construct both MRT 1 (Kajang line) and MRT 2 (Putrajaya line), as well as low ticket rates and the ongoing subsidised My50 unlimited travel pass.