Public private peril
<p>Prasarana was formed from the ashes of transport operators that had to be <a href="https://www.freemalaysiatoday.com/category/nation/2017/07/20/mahathir-era-public-transport-systems-went-bust-says-blogger/" rel="noopener ugc nofollow" target="_blank">rescued by government subsidies</a> and subsequently bought out, as car ownership and car use was made more accessible by the industrial policies of Mahathir’s government, reducing use of public transport. Much like 1970s Singapore, KL’s bus companies were also reorganized into the Intrakota and Cityliner services; but like the two LRT lines unable to repay their loans, both bus companies quickly went into debt. The 1997 financial crisis only made things worse. So in the new millennium, the Malaysian government, through Prasarana, started buying out the LRT companies and the bus companies.</p>
<p><a href="https://medium.com/from-the-red-line/public-private-peril-bc34fe8d719d"><strong>Learn More</strong></a></p>