Perak Transit Bhd (PTrans) who owns and operates the Amanjaya bus terminal in Ipoh has signed a sales and purchase agreement to buy a 4.9-acre parcel in Bidor in January to build an integrated terminal.
The construction of an integrated bus terminal complex on the Sale Land subject to the approval of the Perak State Government and Suruhanjaya Pengangkutan Awam Darat (“SPAD”).
The terminal in Bidor is part of PTrans thorough plan in building a lifestyle centric bus terminal in around Perak starting with Kampar. This is to cater to the demographic there that consists of college students.
After the completion of the Kampar Terminal, the company plans to build another terminal in Tronoh, Perak, which is in-line with its vision to replicate the model in underserved areas in Perak.
PTrans recently announced that it acquired two parcels of land measuring 16.64 acres (6.73ha) in Tronoh, Perak for RM7.97 million to be funded via internal cash.
This purchase will positively diversify its income stream five years from now. There are also housing and mixed development projects planned near to PTrans’ land to boost the local economy and population.
The Bidor terminal construction is slated for completion in 2019. The fate of the current bus station in Theatre Street is unknown at the moment.
Do you have memories riding on a Hup Yik bus?
Reference: Bursa Malaysia