Rafizi predicts more problems for Prasarana after MRT takeover


KUALA LUMPUR: PKR’s Rafizi Ramli claimed Prasarana Malaysia Berhad – a public transport operator – would see its financial performance deteriorate once it takes over the management of all three MRT lines.

In continuing his attacks on MRT, Rafizi, who is the Pandan lawmaker, showed Prasarana’s balance sheet which revealed it had incurred debts of over RM18 billion in 2015.

He went on to speculate that by 2022, Prasarana’s debts would skyrocket beyond RM70 billion and will involve an annual interest payment of RM2 billion after it takes over MRT and its debt.

Rafizi also said being a government-affiliated company, Putrajaya would bear Prasarana’s losses.

“At the end of the day, the debt would be passed on to the people, which could lead to an increase in the GST and ticket prices,” the Pandan lawmaker said at a press conference.

Last month, Rafizi — a chartered accountant — claimed that the cost of the MRT could reach RM100 billion.

A few days ago, he said phase one of the project, known as MRT 1, which stretches from Sungai Buloh to Kajang, did not cost RM21 billion, but RM28 billion.

This came after the PKR vice-president claimed it included RM7 billion in consultancy fees.

Despite denials by MRT, Rafizi today again reiterated that the cost of the MRT project would exceed RM100 billion.

This time, he pointed out, Bernama had in 2015 reported a special purpose vehicle for the project, DanaInfra Nasional Berhad (DanaInfra), as stating the estimated cost of the second MRT line to be around RM42 billion.

Thus, Rafizi said, if one added the RM28 billion for MRT1 to the cost of the MRT2 and MRT3 (the cost of which “is yet to be known”), the total amount would surpass RM100 billion.

“I refuse to argue with BN cyber troopers when current documented reports suggest the cost (of this project) to be around what I predicted.”