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RTS Link. (RTS JB – SG). RM1 billion awarded via 9 contracts.

RTS Link. Progress is positive. RTS JB – SG’s operator announced that it has awarded nine contracts worth a total of approximately RM1 billion. This is one of those catalysts which are needed for both sides. To the ones who says that only one side benefits from this, why not give the Singapore government more benefit of doubt? I seriously doubt they would enter into any agreement which will not be positive for the country. Agree with me? Does not matter, please do read on for the latest announcements.

Article in themalaysianreserve.com RTS Operations Pte Ltd (RTSO), the operator of RTS Link, announced today that it has recently awarded nine contracts worth a total of approximately RM1 billion.

Shamsul Rizal Md Yusof, RTSO CEO said in a statement, “We are pleased with the outcome of the tender exercise. There is a good mix of local and international players working together to make the RTS Link a success.”

RTSO chairman Datuk Mohd Farid Adnan said, “We understand the strategic importance of the RTS Link in bringing about significant economic and social benefits on both sides of the Causeway, which not long ago was one of the busiest land border crossings in the world.”

RTSO is the joint venture company formed in 2020 by Prasarana Malaysia Bhd (Prasarana) and SMRT Corporation Ltd (SMRT).

RTSO vice chairman Yap Kim Wah said, “This important bilateral project will deepen the already warm and friendly commercial, cultural and people-to-people ties between our two countries. The good progress made on the RTS Link project is a testament to the close collaboration among all parties.” Please read the full article here: Article in themalaysianreserve.com

Details about RTS Link project (from MYMRT.com.my)

The RTS Link Project is a railway shuttle link approximately 4km length with two stations, one in Bukit Chagar, Johor Bahru, Malaysia and one in Woodlands, Singapore. This link will be integrated with public transport systems at both stations and this will help to alleviate the congestion at immigration checkpoints for both countries. This link will have a capacity of 10,000 passengers per hour, per direction and an expected ridership of about 40,000 passengers per day upon opening.

Journey Time is 6 minutes. Get it?

Working in Singapore and staying in JB is a very tiring matter, daily. Wake up very early in the morning, before everyone else. 6am is too late and the person will most likely be late due to the jams. This is why so many are staying in Singapore and this is also the reason why many are willing to pay S$600 (RM1,858) for a small room in Singapore.

Now imagine a stable journey which takes just 6 minutes. Even if we include another 10 minutes to get to the station in JB and another 10 minutes within Singapore to reach the office, that’s still less than 30 minutes. Happy understanding all the potential yeah.

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Charles Tan The Founder The Writer Kopiandproperty
Charles Tan

Charles is Founder of kopiandproperty.com He writes from his investment experience for the the past 20 years in investments including property, stock, unit trust and more as well as readings and conversations with many property gurus in the industry. kopiandproperty.com is an independent property blog which is not affiliated to any media company, property developer or even real estate agencies.

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