- 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.
Showing posts with label KUB. Show all posts
Showing posts with label KUB. Show all posts
Wednesday, January 19, 2011
MASTEEL & KUB in RM1billion JV plan for inter-city rail transit in Iskandar Malaysia
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