Cost of JB-Singapore RTS link depends on rail alignment


Minister in the prime minister department Datuk Abdul Rahman Dahlan delivered his messages before launched the Bumiputera Economic Transformation Roadmap in Putrajaya. MOHD SAHAR MISNI/The STAR

KUALA LUMPUR: The cost of the Johor Baru-Singapore Rapid Transit System Link (RTS Link) will depend on the final alignment of the rail track, says Minister in the Prime Minister’s Department, Datuk Seri Abdul Rahman Dahlan.

He said Prasarana Malaysia Bhd had taken note of Johor ruler Sultan Ibrahim Ibni Almarhum Sultan Iskandar’s advice on an alternative alignment for the rail track.

“The company has agreed to look into it and should be able to complete a study on the new alignment in a month or so and present it to our Singaporean counterpart,” he added.

Abdul Rahman said the design possibilities included a high bridge, low bridge, diagonal bridge and a bridge parallel to the causeway.

He told a media conference this after witnessing the signing of a memorandum of understanding (MoU) between Prasarana and Singapore-based SMRT Corp Ltd in Kuala Lumpur on Monday.

The MoU involves the establishment of a  joint venture (JV) RTS Link operating company (OpCo). It will design, build, finance, operate, maintain and renew RTS Link’s operating assets like trains, tracks and systems.

Abdul Rahman said the MoU would also pave way for the signing of the bilateral agreement between the two parties by December this year.

It was reported in August this year that Sultan Ibrahim had disagreed with RTS Link’s proposed design as the potentially costly curved concept would disrupt the city’s skyline.

Meanwhile, on the JV signed on Monday,  Abdul Rahman said it was unlikely to be a 50:50 venture as it would result in a deadlock in decision-making.

“But both sides have agreed and acknowledged the fact that one party had to take a slightly smaller majority for decision making to be easier,” he said.

He did not disclose which party would have the smaller stake in the JV, but said overall, the railway project would be led by Prasarana.

Meanwhile, Prasarana Group Chief Executive Officer, Datuk Seri Azmi Abdul Aziz said construction for the project is expected to begin in 2019.

“It depends on the design and we will call for the tender after the signing of a bilateral agreement by December this year, “ he said.

On financing, Azmi said the company would raise funds in the market with the guarantee issued by the Government.

The four-kilometre long RTS Link, which is expected to connect the terminus stations at Bukit Chagar in Johor Baru and Woodlands in Singapore, is scheduled to materialise by end-2024. - Bernama

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

   

Next In Business News

Nestle Malaysia to promote sustainable cocoa farming in Borneo
Bursa rebound fizzles as investors remains on the sidelines
BMI maintains Malaysia's budget deficit forecast at 4.9%
Oil prices climb as investor risk appetite grows
Singapore Exchange launches its first ammonia futures contracts
Khazanah chief defends government’s hand in business
Ringgit opens easier as US$ sustains uptrend
Bursa records net foreign outflow of RM44.7mil
Bursa attempts rebound from end-Sept slide
Trading ideas: Aurelius, Jentayu, MMAG, Itmax, Marine & General and Yinson

Others Also Read