YTL Corp’s ERL orders six more trains from China firm

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KUALA LUMPUR: YTL Corp Bhd’s 50%-owned associate Express Rail Link Sdn Bhd (ERL) has placed an order for six additional trains from China’s Changchun Railway Vehicles Co Ltd (CRC) for an undisclosed amount.

The additional trains will cater for the ridership growth of both the KLIA Ekspres and KLIA Transit services in the Klang Valley.

Speaking to reporters after the signing agreement yesterday, ERL executive chairman Tan Sri Mohd Nadzmi Mohd Salleh said two trains will be allocated for KLIA Ekspres, and the remaining four for KLIA Transit.

Mohd Nadzmi, however, declined to state the purchase price for the new trains.

“What I can say is that CRC was chosen, as [it was the best candidate] to meet our specifications, and quality and commercial requirements,” he said.

According to KLIA Ekspres’ website, ERL holds a 30-year concession to finance, design, construct, operate and maintain the KLIA Ekspres and KLIA Transit.

The concession agreement between ERL and the Transport Ministry was signed on Aug 25, 1997. Besides YTL Corp, Lembaga Tabung Haji Bhd owns 40% of ERL, while Trisilco Equity Sdn Bhd has the remaining 10%.

Mohd Nadzmi is the owner of Trisilco.

Meanwhile, Mohd Nadzmi said ERL intends to bid for the Kuala Lumpur-Singapore high-speed rail (HSR) project, when the government calls for tenders.

The HSR, due to be operational by 2020, is intended to be an alternative mode of public transport between Kuala Lumpur and Singapore.

 

This article first appeared in The Edge Financial Daily, on November 26, 2014.