THE RM2 billion rail link connecting Bukit Chagar in Johor Baru to Woodlands in Singapore, dubbed the Rapid Transit System (RTS) Link, is on track for completion by end-2026. In an emailed response to The Edge, Mass Rapid Transit Corp Sdn Bhd (MRT Corp), developer and owner of the civil infrastructure for the section of the track in Malaysia, said: “As at Dec 31, 2022, the rail infrastructure has progressed at 26.11%. Construction of the depot at Wadi Hana and the Bukit Chagar RTS station is progressing well, and expected to be completed as scheduled.”
The property project, which was first introduced in 2015, was once shelved by the government back in 2017 after it was abruptly terminated. On Wednesday, the Finance Ministry (MoF) and IWH-CREC Sdn Bhd (ICSB) mutually agreed to terminate the deal for the latter to buy a 60% stake in the Bandar Malaysia project that is located in the former Air Force base in Sungai Besi for RM7.4bil.
PETALING JAYA: It is back to the drawing board for the mammoth multi-billion ringgit Bandar Malaysia project, which experts believe will be resuscitated at a later date.
The property project, which was first introduced in 2015, was once shelved by the government back in 2017 after it was abruptly terminated.