In initiatives to reduce the cost of living , the Transport Ministry confirmed a 20 per cent discount on all Keretapi Tanah Melayu ( KTM ) rides starting April 1 this year .
The discounts are across the board and for all KTM rides , while individuals that opt for cashless purchases will have the benefit of the existing 20 per cent discount and get further 20 per cent discount starting April .
“Cost of transport has been identified as the third highest expenditure incurred in Malaysia and we want to help reduce this cost,” said Transport Minister Anthony Loke during a press conference at Putrajaya.
“This 20 per cent is for Malaysians and is on top of the 20 per cent discount already on offer for cashless sales. For example those using MyKad and TouchNGo will get up to 40 per cent discount starting April 1.”
“This KTM discount initiative has financial implications of a loss of up to RM43 million in profits which will be borne by the Railway Asset Corporation (RAC),” Loke said.
“We hope to make up for the losses with more volume of passengers. It’s the economies of scale where we reduce prices in hopes of increasing volume.
“That way we’re hoping to increase public transport use and with that our subsidy will be less.” Loke also explained that in the past the frequency of the trains was every forty minutes, much to the public’s chagrin. He said his ministry is not just working to increase train frequency, but also mooting creating an app to act as a journey planner for the public.