Maric Formation Will Fortify Local Players’ Capability In Rail Industry

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PUTRAJAYA – Local rail companies have formed the Malaysia Rail Industry Consortium (MARIC) to strengthen their involvement in the country’s rail industry.

MARIC President Datuk Dr Mohd Yusoff Sulaiman said some 30 companies had joined the consortium with a total procurement worth RM1 billion and employed more than 2,000 workers.

“With the establishment of MARIC, we hope to be able to provide feedback to the owners and stakeholders of rail projects that many original equipment manufacturers projects can transfer their technology to the local players,” he told a media conference at the launch of MARIC here, today.

He said this would provide the long-term benefits directly in terms of reducing maintenance cost as the works were implemented by local workers.

Mohd Yusoff said the government allocated over RM160 billion for rail projects until 2020, however, the local players were seen getting less opportunity as over 70 per cent of the amount invested were given to foreign companies.

“Rail works before this only involved 30 per cent participation by local companies due to their incapability to implement the whole projrct packages individually.

“Hence, we believe by presenting ourselves as a consortium that is stronger in the aspects of capability and capacity, then the local players can participate more than 30 per cent in every rail system project in the future,” he said.

“We also hope through MARIC, the government will pay more attention and consideration and give the opportunities to local companies to participate in other major projects in the future,” he added. – BERNAMA