Prasarana Malaysia Bhd and Singapore’s SMRT Corp Ltd announced that they have accepted a letter of offer jointly issued by Malaysia’s Prime Minister’s Department (PMD) and Singapore’s Land Transport Authority (LTA) for the two companies to form a joint venture company to operate the Johor Baru-Singapore Rapid Transit System Link (RTS Link).
The JV company will design, build, finance, operate, maintain and renew the RTS Link operating assets such as trains, tracks and systems. Prasarana and SMRT said they will now work towards executing a JV agreement and incorporating a JV company before 30 June.
The RTS Link will connect the Bukit Chagar station in Johor Baru to the RTS Link Woodlands North station in Singapore, and will have the capacity to carry up to 10,000 passengers per hour per direction. The concession agreement, which sets out the detailed terms of the first concession period of 30 years, is expected to be signed by 30 September. The line is expected to commence passenger service by 2024.
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