Putrajaya extends ERL concession period by 30 years after seven-year negotiations, says Loke
"We have given the commitment to signing the supplementary concession agreement, so that they can plan to invest in their assets.
Putrajaya, ERL ink supplementary concession agreement with new market-driven fare structure
Loke said the supplementary concession agreement is seen as a win-win situation between ERL and users, where the best service can be provided by ERL without burdening the operation in terms of costs.
Aerotrain win takes value of IJM's jobs secured to 75% of FY2024's RM4b target, says RHB Research
This is based on IJM's 60% share in the project amounting to RM106 million that its subsidiary IJM Construction Sdn Bhd (IJMC) is undertaking with Pestech International Bhd's unit Pestech Technology Sdn Bhd, which has the remaining 40% share.
Advancecon secures RM21m subcontract from CCC-ECRL
The group’s 51%-owned indirect unit Spring Energy Sdn Bhd accepted the subcontract from CCC-ECRL on Wednesday for the construction and completion of subgrade works, Section 8 from CH518+388.
Alstom and IJM Corp-led JV to complete aerotrain replacement project, confirms The Edge report
MAHB said it has entered into an agreement with Alstom and the IJMC-Pestech joint venture (JV) to steer the aerotrain replacement project back on track.
MyHSR receives KL-Singapore HSR concept proposals from seven consortia formed by 31 companies
“If the response is positive, we will move on to the second phase with the Request for Proposal (RFP) stage to obtain detailed proposals from the selected consortia.
KL-Singapore HSR challenging without govt involvement, says Maybank IB
Maybank Investment Bank (Maybank IB) head of equity research Wong Chew Hann: In the private sector, you go into business because you want to make money.
Japanese firms drop out of Malaysia-Singapore high-speed rail project — report
In a report on Friday, Japanese agency Kyodo News, citing sources, said the companies, including East Japan Railway Co, had hoped to utilise Japan's Shinkansen bullet train system in the project but they have decided it will be too risky without the Malaysian government's financial support.
Rapid rail, bus services achieved 1.05 mil daily passengers in 2023, says Loke
This surpassed the pre-Covid peak of 790,000 passengers a day, according to Transport Minister Anthony Loke Siew Fook.
Loke: Prasarana needs to improve monitoring of contractor work quality, blacklist underperformers
Transport Minister Anthony Loke Siew Fook: The monitoring process has to be better.
