Prasarana Malaysia Bhd targets to rake in RM1 billion in revenue this year, riding on improved contribution from non-fare segment such as commercial activities and transit-oriented developments within the Klang Valley, reported Bernama.

Its president and group chief executive officer Datuk Azmi Abdul Aziz said the company aimed to improve its non-fare revenue contribution to 30 per cent this year from 20 per cent currently.

The target is in tandem with the group’s long-term plan for the segment to contribute 50 per cent to revenue by 2020.

In line with this target, Azmi said the LRT and monorail stations will be transformed into transit-oriented developments with more retail offerings such as convenience services and products as well as other retail attractions.

Prasarana’s main operations are Rapid Bus Sdn Bhd and Rapid Rail Sdn Bhd.

It is the asset owner and operator of Malaysia’s two LRT networks (Kelana Jaya Line and Ampang/Sri Petaling Line), the Kuala Lumpur Monorail, as well as the Sunway Bus Rapid Transit.

In December 2016, Prasarana under its service brand RapidKL was appointed as the official operator of the first Mass Rapid Transit services in the Klang Valley.



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