Malaysia agrees to proceed with RTS at reduced cost

Syndicated News
Written by Syndicated News

JOHOR BAHRU — Oct. 31, 2019: Malaysia has agreed to continue with the Rapid Transit System (RTS) from here to Singapore’s Woodlands, with the cost reduced from RM4.93 billion to RM3.16 billion.

This was revealed here today by Prime Minister Tun Dr. Mahathir Mohamad, who said that details will be discussed with Singapore.

Last October 18 the Transport Ministry had received cabinet approval to continue with the project with changes to the structure, scope and specifications.

“We will stick to our promise. The project was temporarily postponed, now we are ready and we will build it,” said Mahathir.

At another press conference, Transport Minister Anthony Loke said an important element in the project structure which had been reviewed was the involvement of the developer or landowner of Bukit Chagar to finance and enable the project to proceed with the land cost being exempted.

“Merged with the construction cost and optimised rail system, the government managed to achieve significant savings, thus enabling it to be financially viable,” he added.

He said that for implementation, Prasarana Malaysia will continue to remain as the Malaysian representative in the joint-venture company operating the train and also given the mandate to discuss with the company operating the Singapore railway, SMRT, to finalise terms.

In its lead story today, The Star had reported that Malaysia was going to ask Singapore for another six months to decide on the project.




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