JOHOR BARU: The Government has called on more interested companies to submit their proposals to operate the proposed multi-billion ringgit inter-city rail transit system in Iskandar Malaysia.
The ministry, said Transport Minister Datuk Seri Liow Tiong Lai, welcomed investment and cooperation from the private sector for the proposed RM1.23bil project.
“We are currently reviewing and updating all proposals submitted by Masteel Bhd and KUB Malaysia Bhd since 2011 and we are open to more submissions.
“We want more companies to take this opportunity as KTMB (Keretapi Tanah Melayu Bhd) cannot manage the train services by themselves,” he said during the Johor Motorcycle and Scooter Traders Association’s Chinese New Year dinner last night.
The ministry, added Liow, would also speed up the reviewing process so as to submit an update of the project and recommend its retabling by this year.
Liow also said the introduction of multi operators for government railway tracks would maximise the utilisation of its rail assets and provide attractive alternative public transport services to commuting public.
The proposed system, he said, would also be complementary to the ongoing Gemas-Johor Baru double tracking project, the KL-Singapore high speed rail, Johor-Woodlands Rapid Transit System as well as the Bus Rapid Transit system for the economic corridor.
“I hope that with such development taking place, Johoreans can enjoy more economic growth,” he said.
The multi-billion ringgit project proposed by Metropolitan Commuter Network Sdn Bhd is a 60:40 joint venture between Masteel and KUB.
In 2009, MCN had proposed to construct a 30km double track railway line linking Kulai and Johor Baru city centre and a 50km link between Pasir Gudang and Port of Tanjung Pelepas using the existing tracks.
Earlier, Liow said MCA had set up a special liaison committee to act as a communication channel between investors and the Malaysian and Chinese governments.
The MCA International Trade Liaison Committee would facilitate trade activities between the two countries, said Liow, who is also party president.
“With the setting up of the committee, we are also confident of attracting more traders from China to invest in Malaysia,” he said after launching the MCA election strategy committee here yesterday.
"KUB is on track to carry out the proposed RM1.23 billion inter-city rail transit system project in Iskandar Malaysia in partnership with Malaysia Steel Works (KL) Bhd." Is it a confirmed or just a proposal?
There have been many proposals and agreements that have been eventually cancelled in Bursa. Many people got trapped with no way to escape but with substantial loss in hard-earned cash. Is this a trend in our Bursa nowadays? Hmm..
To tell lie and make money without paying income tax.Where?????????????? Ans:share market....................When you to invest,take careful note on management quality before making decision!!!!!!!!!!!!!!!!!!!!!!!!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
buffet
824 posts
Posted by buffet > 2014-11-03 18:40 | Report Abuse
But very scary last time drop so much