The government is contemplating a new approach involving the leasing method for transportation services, particularly for assets like trains, to optimise their lifespan, according to Transport Minister Anthony Loke. Through this method, the government would no longer focus on purchasing new assets but rather lease them, with the lessor also taking responsibility for their maintenance.
According to Bernama, Loke explained that by adopting leasing agreements, similar to those commonly used in the airline industry for aircraft, the government could ensure efficient asset utilisation while minimising the burden of maintenance costs.
This leasing model would encompass maintenance responsibilities, ensuring that the assets remain operational and in optimal condition throughout their usage.
Addressing concerns raised by Khairil Nizam Khirudin regarding the maintenance of trains, which is estimated to cost around RM250 million to prevent technical issues during festive seasons, Loke acknowledged maintenance as a significant challenge in railway services. He stated that discussions would be held with the Ministry of Finance and the Ministry of Economy to assess the suitability of this leasing model for enhancing transportation services.