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Malaysia continues RTS project with a new cost of RM3.16b

JOHOR BAHRU (Oct 31): Malaysia has agreed to continue with the Rapid Transit System (RTS) route with a new cost of RM3.16 billion.

Announcing the matter, Prime Minister Tun Dr Mahathir Mohamad said the latest cost resulted in a savings of 36 per cent or RM1.77 billion compared with the original cost of RM4.93 billion.

"We will go ahead with the project and solve a little bit on the issue of traffic congestion.

"Details of the project would be discussed with the Singapore government,” said Dr Mahathir at a media conference, here today.

On Oct 18, the Malaysian Transport Ministry had received cabinet approval to continue with the RTS route project with changes to the structure, scope and specification of the route.

Also present at the media conference were Home Affairs Minister Tan Sri Muhyiddin Yassin; Economic Affairs Minister Datuk Seri Mohamed Azmin Ali; Finance Minister Lim Guan Eng; Transport Minister Anthony Loke Siew Fook; Johor Menteri Besar Datuk Dr. Sahruddin Jamal and State Secretary Datuk Azmi Rohani as well as the state government leadership lineup.

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