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Rts Agreement

On April 8, 2019, Khaw Boon Wan held a joint press conference with then Malaysian Transport Minister Loke Siew Fook to announce that the two countries would seek an "additional agreement" to temporarily suspend the project for six months, allowing Malaysia to review the "key parameters" of the project. The closure would be reversed in the same way as it was carried out for the suspension of the Kuala Lumpur-Singapore high-speed train. [20] He added that the two countries had completed discussions on the cross-border project first announced in 2010 and would sign three agreements. There were no financial costs for this extension cycle. However, given the magnitude of the proposed changes (for example. B technical requirements), the bilateral agreement signed in 2018 should be revised and withdrawn. Thus, three agreements had to be signed before the end of the suspension period: three important agreements necessary for the resumption of the RTS Link project were successfully concluded, he said. This includes an agreement to amend the bilateral RTS Link agreement between the governments of Singapore and Malaysia. However, this has been modified into a light rail transport system fully parked on the new Wadi Hana depot, Johor Bahru. This measure was intended to reduce project costs and increase local employment opportunities and was included in the bilateral agreement on the resumption of the Singapore Rapid Transit System Link Project, signed in July 2020. Wee stated that the parties involved had concluded their discussions and that the bilateral agreement, the concession agreement and the joint venture company (JV opco) would be coloured in Tambak, Johor. On April 1, 2019, Malaysia announced its intention to proceed with a six-month suspension to reassess key project parameters, with a focus on reducing implementation costs. The following week, on April 8, 2019, a joint press conference of Transport Ministers Loke Siew Fook and Khaw Boon Wan announced that a "complementary agreement" would be drawn up to temporarily suspend the project for six months.

"It has been delayed for some time, partly because of political changes and transitions in Malaysia, partly because of the projects, partly because of COVID-19. But anyway, we have now clarified the details, signed the agreements and the work can begin now," lee said. JOHOR BAHRU: Malaysia and Singapore today agreed to continue with the Rapid Transit System (RTS), with the heads of state and government of both countries meeting at the heart of the Basic Johor Route to sign their agreement. In an interview with reporters after the ceremony, Lee said he was pleased with the conclusion of the agreements for the RTS Link project and looked forward to the end of 2026. On 31 October 2019, then Malaysian Prime Minister Mahathir Mohamad announced that the project would continue with a 36 per cent cost reduction, compared with RM 4.93 billion to RM 3.16 billion. Some of these proposals involve the inclusion of Developers/Owners of the Bukit Chagar Land in order to waive land costs; This will reduce costs and use a LRT (Light Rail Transit) system similar to the Ampang LRT line to reduce costs instead of MrT Thomson-East Coast pipeline systems.

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