Malaysia

Penang ferry services record RM14 million losses per year

This is mainly due to a lack of diesel subsidies, coupled with maintenance and insurance costs

Updated 1 year ago · Published on 25 Nov 2024 11:44AM

Penang ferry services record RM14 million losses per year
Between January and October 2024, a total of 1.76 million passengers used the ferry service while 600,000 two-wheeled vehicles used the service. - November 25, 2024

PENANG'S ferry service recorded an annual loss of about RM14 million a year, due to a lack of diesel subsidies, apart from maintenance and insurance costs.

Penang Infrastructure Committee chairman Zairil Khir Johari told the state that ticket collections for the ferry only covered about 35 per cent of the operations.

He was responding to a question by Teh Lai Heng (PH-Komtar), who had asked for ferry use statistics and whether operators were making losses.

According to Zairil, between January and October 2024, a total of 1.76 million passengers used the ferry service while 600,000 two-wheeled vehicles used the service.

Each trip costs RM2 for adult pedestrians and RM1 for children. Commuters on bicycles pay RM2 while those on motorcycles pay RM2.50.

Penang Port Sdn Bhd introduced four new fast ferries last year to ply the route between the island and Butterworth on the mainland, replacing the iconic ferries. - November 25, 2024

Related News

Malaysia / 15h

No urgency for snap polls in Penang, says CM

Malaysia / 2d

Penang water tariffs to increase from July 1 after year-long deferment

Malaysia / 3d

Police looking for trio involved in violent armed robbery in Penang (video)

Malaysia / 6d

One killed as fire destroys former Odeon cinema in Penang

Opinion / 1w

Langkawi: An untapped island with much greater potential?

Off beat / 1w

Penang: CM orders all state excos to monitor development progress

Spotlight

Malaysia

Police investigate viral video of alleged cat abuse by restaurant worker (video)

Malaysia

Court allows Najib to obtain documents ahead of 1MDB's US$8 billion suit hearing

Malaysia

Tuanku Muhriz performs Friday prayers At Masjid Kariah Gunung Pasir, Seri Menanti

Malaysia

Penang undersea tunnel case: IO denies ignoring important aspects of investigation

Malaysia

Tuanku Muhriz is Negeri ruler - PM Anwar (video)

Malaysia

High Court blocks DKU shake-up, freezes move to remove secretary

Malaysia

Allegations of restriction on Nadzaruddin spark controversy during NS proclamation ceremony

Malaysia

MCMC investigates The Coverage Media over public complaints

Malaysia

Official notice of NS assembly dissolution to be submitted to Election Commission today

You may be interested

Malaysia

Hamzah dismisses party takeover speculation as focus shifts to Johor and Negeri polls

Malaysia

AG seeks Federal Court clarity on prosecutorial powers in Zahid's DNAA case

Malaysia

Govt unlocks RM50m to accelerate TVET 2.0 as Malaysia races to prepare workforce for AI era

Malaysia

Teo demands transparency after Facebook restriction imposed on news portal

Malaysia

Government orders tough crackdown on foreigners misusing business licences and visas

Malaysia

Issue of Negeri Sembilan rulership should be resolved through dialogue – Ahmad Zahid

Malaysia

Errant moneylenders accused of using ‘lawyer-prepared’ agreements to lure borrowers into debt traps

Malaysia

BN to contest all 36 Negeri Sembilan state assembly seats