KUALA LUMPUR: The government is looking at options to ensure the Rapid Transit System (RTS) linking Johor Baru and Singapore remains on track, says Anthony Loke.
"The government is looking to find a cost-effective approach so that RTS link can be executed according to the time frame," said the Transport Minister.
He said Malaysia would have to bear RM4bil out of the RM10bil cost for the project.
"The government is still in the middle of discussions and reviewing all inputs regarding this matter to find a financial model that is suitable," Loke said when answering a question raised by Hassan Abdul Karim (PKR-Pasir Gudang) during Question Time on Tuesday (March 12).
He said the government was also reviewing how Malaysian companies could participate in the project through equity injection with the Singapore operating company.
"We will also monitor and make sure the ticket fare is reasonable," he added.
On talk of land acquisition by the Johor government at Kim Teng Park for the RTS project, Loke said that no acquisition had been made as the agreement for the project was not finalised.
The RTS project was signed between Malaysia and Singapore on Jan 16 last year and slated for completion by Dec 31, 2024.
The project would cover 4km of rail between Bukit Chagar, Johor Baru and Woodlands, Singapore, with the capacity to ferry 10,000 passengers an hour.