Monday, October 24, 2011

Rapid Penang suffers RM1.1mil loses in fare discrepancies

View: I'm surprised to see this discrepancy. Either the estimate of total fare revenue is too high, or Rapid Penang really has serious issues on collecting fare from passengers.


GEORGE TOWN: Discrepancies in fare collection, unsatisfactory depots and hubs and delayed infrastructure projects are among the weaknesses suffered by integrated bus service Rapid Penang.

A total of RM1.14mil in fare discrepancies were recorded from Rapid Penang's establishment in February 2007 to 2010, the Auditor-General's Report 2010 revealed.

The report listed several weaknesses the company suffered, which included unsatisfactory depots and bus hubs, not well-managed cleaning contracts for buses and Rapid Penang premises, delayed infrastructure projects and not fully utilised hostels.

It also reported the bus company had incurred loses before tax for both 2008 (RM7.67mil) and 2009 (RM10.68mil). No figure was quoted for 2010.