By Sharen Kaur
sharen@nstp.com.my
Published in NST on January 4, 2013
KUALA LUMPUR: Public-transport operator Syarikat Prasarana Negara Bhd will sell up to RM6 billion of sukuk this year to fund infrastructure projects.
Prasarana is also planning to list its rail unit, Rapid Rail Sdn Bhd, on the local bourse by 2018 to mark further expansion in the company.
The rail business includes the Ampang and Kelana Jaya light rail transit (LRT) lines, and the KL Monorail.
"We will list the unit after the completion of the Mass Rapid Transit (MRT) rail project in 2017," said group managing director Datuk Shahril Mokhtar.
Shahril said the inclusion of the MRT project under its umbrella will make the listing more attractive to shareholders.
Prasarana will take over the operations of the MRT after the project is completed.
"We know what are the listing requirements. For the next five years we will stick to that requirements," Shahril said yesterday, at the unveiling of its new organisation structure and five-year Go Forward Plan (GFP) 2.0.
On the Islamic bonds, which carry government guarantees, Shahril said they will be issued in two tranches of RM3 billion.
The first tranche will be issued in February and the second in the third quarter of this year.
"The bonds are basically to fund the Ampang and Kelana Jaya LRT line extension projects and other infrastructure developments," Shahril said.
Meanwhile, Shahril said Prasarana has received invitations to participate in the development of rail transport services in the Middle East and Africa.
The company is in talks with a major European rail operator to bid for rail network jobs in Saudi Arabia, he said.
sharen@nstp.com.my
Published in NST on January 4, 2013
Prasarana is also planning to list its rail unit, Rapid Rail Sdn Bhd, on the Malaysian bourse by 2018
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Prasarana is also planning to list its rail unit, Rapid Rail Sdn Bhd, on the local bourse by 2018 to mark further expansion in the company.
The rail business includes the Ampang and Kelana Jaya light rail transit (LRT) lines, and the KL Monorail.
"We will list the unit after the completion of the Mass Rapid Transit (MRT) rail project in 2017," said group managing director Datuk Shahril Mokhtar.
Prasarana will take over the operations of the MRT after the project is completed.
"We know what are the listing requirements. For the next five years we will stick to that requirements," Shahril said yesterday, at the unveiling of its new organisation structure and five-year Go Forward Plan (GFP) 2.0.
On the Islamic bonds, which carry government guarantees, Shahril said they will be issued in two tranches of RM3 billion.
The first tranche will be issued in February and the second in the third quarter of this year.
"The bonds are basically to fund the Ampang and Kelana Jaya LRT line extension projects and other infrastructure developments," Shahril said.
Meanwhile, Shahril said Prasarana has received invitations to participate in the development of rail transport services in the Middle East and Africa.
The company is in talks with a major European rail operator to bid for rail network jobs in Saudi Arabia, he said.
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