December 19, 2011
PUTRAJAYA, Dec 19 — The government will dole out RM400 million in aid to keep financially-distressed stage bus operators in operation, Bernama Online reported today.
The fund was announced today by Prime Minister Datuk Seri Najib Razak, who also revealed it would be overseen by the Land Public Transport Commission (SPAD).
“The fund is an interim measure which is hoped to be able to continue the services of stage buses for the benefit of the people affected,” Najib was quoted as saying in the report.
RM100 million from the fund will be paid out early in 2012, with firms in Selangor expected to be the first beneficiaries, followed by those in Negri Sembilan and Pahang.
Aside from the RM400 million fund, Najib further announced that SPAD was studying long-term solutions to the issues facing the stage bus operators.
Among others, these could include a distance-based subsidy.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.