Published: 19-11-2008 photo #5011 0 comments 0 votes
The KL Monorail is a monorail system (previously known as Peoplemover Rapid Transit - PRT) in Kuala Lumpur, Malaysia, opened 31 August 2003, and serves 11 stations running 8.6 km with two parallel elevated tracks. It connects the Kuala Lumpur Sentral transport hub with the "Golden Triangle". It was completed at a cost of RM1.18 billion by the KL Infrastructure Group (KL Infra).
KL Infra declared bankruptcy on May 15, 2007 after repeatedly missing loan repayments. On November 29, 2007, Syarikat Prasarana Negara Berhad (SPNB) has signed a sale and purchase agreement with KL Monorail Systems Sdn Bhd (KLMS), which has made SPNB, the current operator of RapidKL, the new operator of the KL Monorail.