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MRT Corp, HK'S MTR CORP ink MoU on mixed property development

28 Jul 2023 04:37pm
Passengers inside the Mass Rapid Transit (MRT) train. Many individuals utilise the MRT for commuting to work, school, travel and shopping purposes.
Passengers inside the Mass Rapid Transit (MRT) train. Many individuals utilise the MRT for commuting to work, school, travel and shopping purposes.

KUALA LUMPUR - Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) and Hong Kong’s (HK) MTR Corporation Limited (MTR Corp) signed a memorandum of understanding (MoU) today to develop a mixed property venture that will rejuvenate Bukit Chagar in Johor Bahru, Johor, into a southern economic hub.

MRT Corp chief executive officer Datuk Mohd Zarif Hashim said this would be the first time that MRT is implementing a large-scale property rejuvenation.

He said the project would occur concurrently with the planned rapid transit system (RTS) link between Johor Bahru and Singapore.

"Today’s MoU is the culmination of a series of discussions over the past month. "This started where Transport Minister Anthony Loke led a delegation to Hong Kong (last month) in a new chapter of bilateral relation with a mission to attract foreign investment into the country,” he said at the MoU signing ceremony here today. - Bernama

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