Prasarana Malaysia Bhd (Prasarana) and SMRT Corporation Ltd (SMRT) will proceed in forming a joint venture company (JV Co) to operate the Johor Baru-Singapore Rapid Transit System Link (RTS Link). This was subsequent to the acceptance of a letter of offer (LO) on February 9, 2018, which was jointly issued by Malaysian Government and Singapore’s Land Transport Authority. The LO, jointly signed by Prasarana and SMRT, confirms both JV partners’ commitment to form a JV Co to act as the RTS Link operator, along with their acceptance of terms and conditions set-out in the Letter of Offer. The JV company will manage operating assets of the RTS Link, which is expected to commence passenger service by 2024.

(NST, 10/1/2018)

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