Wednesday, September 03, 2008

LRT Public Transport Plan part of our RM35 billion

The long term plan is for us Malaysians get out of our cars, and get into public transport. Hence reduce the congestion on the road. Good, but its a double edge sword.

it means that in the future the price of petrol will increase and taxed to finance the public transport. Expect petrol prices at the pump in line or higher than world oil prices. ie taxes from petrol would be used to finance public transport.

Property prices at places close to LRT station would hold up, or higher.

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