News about MRT3

Loke also announced that he will visit Bangkok, Thailand, in either March or April this year to further discuss strategic collaboration aimed at improving the rail network, particularly the Pan-Asian rail system, which connects China, Singapore, and all countries in mainland Southeast Asia.

Transport Minister Anthony Loke Siew Fook explained that the HSR is fundamentally different from other rail projects, such as Keretapi Tanah Melayu Bhd’s (KTMB) operations, which are fully funded, maintained, and constructed by the government.

The rail line project was earlier estimated to cost as much as RM100 billion as a government-funded project.

Liew Chin Tong said the Malaysian government will take a cautious, evaluative stance to better understand how these proposed restrictions might influence future developments and partnerships.

Gamuda is on track to reach the RM40 billion to RM45 billion target by the end of 2025, the research house noted.

Once the notice to proceed is issued, Gamuda will have six years to complete the contract.

It was previously reported that TNB expects to see electricity demand from data centres reach 5,000MW by 2035, accounting for 15-20% of total electricity demand in the country then.

IIB president and chief executive officer Datuk Idzham Mohd Hashim said strategic investments, infrastructure enhancement, and sustainability are at the core of this initiative.

BMI said Johor’s stable infrastructure and government incentives make it an attractive destination for institutional investors seeking reliable and high-growth opportunities.

To support the JS-SEZ, the government has announced incentives, including a special corporate tax rate, to lure investors to set up shop in the zone that stretches from Kulai and part of Pontian to Pengerang.