Return railway land and assets to KTMB

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I am going to talk about KTMB, the elephant in the room which many people notice but never talk. According to the Auditor-General’s Report 2018 released last year, this entity owned by the finance ministry (MoF) has had accumulated losses of RM2.83 billion up to the end of the last financial year, 2018. Yes, KTMB, which failed to be privatised under Dr Mahathir Mohamad 1.0, was temporarily placed under MoF, as it was and still is, 100% owned by the government. For some administrative and budgetary reasons, it has not gone back to the transport ministry (MoT), its original ministry, even though its main role and function is to provide transport services for passengers and freight. Due to the privatisation policy drafted at that time, the rail body was broken into two parts; KTMB as the rail service operator and Railway Assets Corp (RAC), a new body formed purely to own all the rail…