Ekovest secures RM1.979bil RTS Link Project


KUALA LUMPUR: Ekovest Bhd has secured a RM1.979bil contract to undertake the construction of the Johor Bahru to Singapore Rapid Transit System Link Rail (RTS Link Project).

In a filing with Bursa Malaysia, Ekovest said its wholly-owned subsidiary, Ekovest Construction Sdn Bhd (ECSB) has been accepted by Malaysia Rapid Transit System Sdn Bhd (MRTS), the developer and owner of the civil infrastructure for the section of Malaysia RTS Link Project, as the collaborative partner of Adil Permata Sdn Bhd (APSB).

APSB is the appointed main contractor by MRTS for the RTS Link Project, to undertake the construction of the RTS Link Project.

“On July 5, ECSB has accepted the letter of award by APSB as the engineering, procurement and construction (EPC) contractor for the RTS Link Project with a contract sum of RM1.979bil for the RTS Link rail works,” Ekovest said.

“The participation of ECSB as the collaborative partner of APSB and the EPC contractor to undertake the construction of the RTS Link Project will replenish the construction order book and is expected to contribute positively to the financial performance of Ekovest and its group of companies,” it added.

The RTS Link Project consists of a railway shuttle link of approximately 4km (Malaysia: 2.7km and Singapore: 1.3km) with two stations, one in Bukit Chagar, Johor Bahru and one in Woodlands, Singapore.

The link for the RTS Link Project would be a modern light rail transit (LRT) system that will provide high volume, fast and efficient transportation system between the two stations, providing an alternative means of transportation that will help alleviate the congestion at immigration checkpoints for both countries.

The RTS Link Project also includes the building of new immigration, customs and quarantine complex (ICQ) facility next to the station at Bukit Chagar, Johor Bahru, Malaysia.

Similarly, the RTS link station in Woodlands, Singapore will also have customs, immigration and quarantine (CIQ) facilities.

The Malaysian ICQ and Singaporean CIQ facilities will be co-located within the same building, allowing the entire immigration process of leaving and entering both countries to be completed at the departing station.

The RTS Link Project expects to provide an estimated 10,000 commuters per hour per direction via Johor Bahru to Singapore and it will ease the congestion at the Malaysia Singapore Causeway.

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Ekovest , RTS Link Project , EPC , APSB

   

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