MASTEEL & KUB in RM1billion JV plan for inter-city rail transit in Iskandar Malaysia

• MASTEEL & KUB have proposed to build and operate a 100km inter-city rail transit system in Iskandar Malaysia which will connect to the MRT line from Singapore.
• Project could cost over RM1 billion and consists of up to 25 commuter stations in major towns in the Iskandar Malaysia. Project is based on a 25-year concession.
• Masteel would hold 60% and KUB 40% equity stakes in the JV company, Metropolitan Commuter Network Sdn Bhd. 3 phases project to be completed within 24 months from project commencement.