Tuesday, November 06, 2012

Express Rail Link Sdn Bhd (KLIA Express) to be listed?

By The Star

Express Rail Link Sdn Bhd (ERL) may consider floating its shares on Bursa Malaysia to raise funds if it is chosen to operate the proposed high-speed rail project linking Kuala Lumpur and Singapore.

Chief Executive Officer Noormah Mohd Noor said the feasibility study on the project was still being done by the Land Public Transport Commission.

"We're very interested to bid the project. I understand that the study will be submitted to the government to decide on who will be the operator," she said during a media briefing here on Tuesday on the progress of the ERL extension to klia2 project.

Noormah said the company's track record showed that it was very capable of undertaking the project.

She also said the company has developed expertise in operation and maintenance of high-speed trains locally through its subsidiary ERL Maintenance Support Sdn Bhd.

"We are running a world-class standard in terms of performance and we are highly-recognised all over the world as a far as airport rail service is concerned."

She added that ERL had also won many awards including the coveted North Star AirRail Link of the Year Award at the Global AirRail Awards 2012 in Stockholm while its KLIA Ekspres VIP Service had won the Best Customer Service Award. - Bernama

Malaysia Billionaire:
Well i think is worth to grab some share in ERL, it has a been a very reliable railway operator if anyone of you has used their facilities via KL Sentral to KLIA or vise versa. Moreover they have the strong backing of YTL Corporation Berhad , Lembaga Tabung Haji Bhd and Trisilco Equity Sdn Bhd with 50%, 40% and 10% shareholding respectively.