PUTRAJAYA, March 16 – Sixty per cent of the 1,475 tenants of the Railway Asset Corporation (RAC) are Bumiputeras, said Transport Minister Anthony Loke Siew Fook.
He said RAC which is an agency under the Ministry of Transport (MOT) focuses on empowering Bumiputeras, and at the same time does not leave out the non-Bumiputeras, in an effort to bridge the economic gap.
“This takes into account the emphasis voiced by the government in the recent Bumiputera Economic Congress (KEB) 2024 which wants the economic distribution to be expanded by ensuring an increase in the bumiputera economy in line with the MADANI economic framework.
“In that regard, I sincerely hope that more private companies in the rail industry will come forward to help the government empower this sector in line with the ministry’s aspirations through the Road to Rail approach translated into the National Transport Policy 2030,” he said at the Pay As Use Contract Handover Ceremony for Locomotives and Wagon Between RAC and SMH Rail Sdn Bhd.
He said that through the contract signed on February 19, SMH Rail will repair 44 locomotives that have been grounded and refurbish 256 low-capacity RAC wagons with wagons that carry heavier loads.
