KUALA LUMPUR: Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) and Hong Kong’s (HK) MTR Corporation Ltd (MTR Corp) signed a memorandum of understanding (MoU) today to develop a mixed property venture that will rejuvenate Bukit Chagar in Johor Bahru, Johor, into a southern economic hub.
MRT Corp chief executive officer Datuk Mohd Zarif Hashim said this is the company's first large-scale property rejuvenation project and will be implemented concurrently with the planned JB-Singapore rapid transit system (RTS) link.
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