MTRANS Holdings Sdn Bhd, through units Monorail Malaysia Technology Sdn Bhd (MMT) and KL Infrastructure Group Bhd (KLINFRA), has signed an agreement with Gangnam District, Seoul, to establish a joint-venture company to develop a 6.7km monorail system in the South Korean district on a privatised basis.
Mtrans said in a statement the monorail system, costing US$175mil, would be based on MTrans Monorail, which was implemented for the KL Monorail in Kuala Lumpur.
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