Share
KUALA LUMPUR: Malaysia Steel Works (KL) Bhd (Masteel) and KUB Malaysia Bhd signed a joint-venture (JV) agreement to jointly build and operate 100km inter-city rail transit system costing RM1.23 billion at Iskandar Malaysia in Johor.
The system will also be linked to the Mass Rapid Transit line in Singapore.
Masteel and KUB will hold 60% and 40% stakes respectively in theJV company Metropolitan Commuter Network Sdn Bhd.
The proposed inter-city rail transit will have up to 25 commuter stations in major towns in the Iskandar Malaysia economic corridor in the initial stage.
"We will use the existing Keretapi Tanah Melayu (KTM) rail, and will add four new stations in the growth areas along KTM's rail path," said Masteel managing director and chief executive officer Datuk Seri Tai Hean Leng. — Bernama
The system will also be linked to the Mass Rapid Transit line in Singapore.
Masteel and KUB will hold 60% and 40% stakes respectively in theJV company Metropolitan Commuter Network Sdn Bhd.
The proposed inter-city rail transit will have up to 25 commuter stations in major towns in the Iskandar Malaysia economic corridor in the initial stage.
"We will use the existing Keretapi Tanah Melayu (KTM) rail, and will add four new stations in the growth areas along KTM's rail path," said Masteel managing director and chief executive officer Datuk Seri Tai Hean Leng. — Bernama
SHARE
