KUALA LUMPUR, Jan 13 — A consortium of private companies seeking to support the construction of a proposed light rail transit (LRT) in Johor Bahru has announced that in exchange for investing a portion of their funds, a It is proposed that the concession be granted for 35 years. A report describes this project.
In an economic magazine report ladderAncom Nylex Berhad, one of the companies in the consortium, suggested that private companies would bear part of the cost of the proposed LRT project, with the rest being borne by the government through the proposed public-private partnership. He said that
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Ancom Nilex executive director of business development Datuk Hasnul Hassan said Phase 1A of the proposed LRT project will include civil construction works estimated at RM2 billion by the government, while the consortium estimates He reportedly said he would pay for the system and its signaling costs at RM1.5 billion. step.
ladder Hansul was quoted as saying that the RM1.5 billion cost would cover vehicles (RM300 million), signals and systems (RM800 million), development costs (RM200 million) and other costs (RM200 million). Ta.
according to ladderIn Phase 1A, the consortium will use a system of 10 three-car trains capable of transporting up to 4,000 passengers per hour per direction, covering 11.3km of Johor Bahru from Bukit Chagar to Danga Bay. I am proposing that.
ladder It said Phase 1A, currently known as the Jalan Tun Abdul Razak (JTAR) line, will pass through Persada International Convention Center, Taman Datoon and Taman Tasek.
Hasnul reportedly said an estimated RM35 million will be set aside for private land acquisition for the LRT project, and that both the federal government and Johor state government should grant rights of way for the construction of the project. He said that.
according to ladderMr Hasnul said the consortium would inject cash and land worth RM800 million for the LRT project, and seek upfront payments for the remaining amount from the capital market and shareholders, with the consortium expected to spend 35 years until the operation of the LRT line is handed over. He said he would seek concessions. It goes to the federal government.
Hasnul proposed setting LRT fares at commercial rates and providing targeted subsidies to groups such as the elderly, students, people with disabilities, and people with low incomes.
“Johor Bahru is the only city in Malaysia where public transport is available at commercial rates. Much of the traffic in the city is Singaporeans, who earn at least three times as much.” [the wages] “This is the average Malaysian, or the percentage of Malaysians who work in Singapore and are paid in Singapore dollars,” he was quoted as saying.
The consortium reportedly estimates that about 40,000 passengers ride JTAR lines every day.
Mr Hasnul said that apart from fares, the cash flow from the anticipated building of the 10-acre transit-oriented development (TOD) near Persada with a total development value of RM4.5 billion will be used to maintain LRT operations and will also be used by other TODs. He said he could. It can also be constructed along the LRT lines.
Malaysia and Singapore are currently building Rapid Transit System (RTS) link rail services. The rail service connects Singapore via Woodlands North Station and Malaysia via Bukit Chagar Station in Johor Bahru, a distance of 4 kilometers and a journey time of approximately 5 minutes. The project is estimated to cost RM10 billion.
The RTS link is scheduled to be completed by the end of 2026 and fully operational on January 1, 2027, and will be able to transport 10,000 passengers per hour each way. It is expected that this will allow an influx of 35% of the 350,000 people who cross the Johor-Singapore border every day, and help ease traffic congestion at the current border crossings.
Ahead of the RTS’s completion and operation in 2027, Hasnul reportedly said that building an LRT in Johor Bahru would be the best way to handle passengers coming from Singapore using the RTS.
“Johor Bahru needs a system that can disperse this traffic that comes in from Singapore every day once RTS is fully operational. And we found that the best system to do this is LRT,” he said. It was reported that. ladder.
He contrasted this with bus rapid transit (BRT) systems previously proposed by others, which he said would take up lanes of roadway and would further congest traffic. The BRT public transportation system includes dedicated bus lanes.
ladder Hasnul was quoted as saying the consortium had submitted a proposal for the Johor Bahru LRT project to the federal government and the Johor state government.
Prior to this, Malaysian listed company Nilex (Malaysia) Berhad announced on March 21, 2022 Malaysian real estate developer LBS Bina Group Berhad, Thai listed company BTS Group Holdings Limited Public Company Limited, Sinar Bina Infra Sdn Bhd. , had signed a principal contract with Ancom Nylex. Berhad will collaborate in building an RTS and connected LRT system with integrated real estate development based on a transit-oriented development concept in Johor Bahru.
BTS Group Holdings is the largest shareholder of Bangkok Mass Transit System Corporation, the operator of Bangkok’s railway lines BTS Skytrain and Bangkok BRT.
Last Sunday, local news outlet Oriental Daily reported, citing sources, that the entire Johor LRT project is estimated to cost RM20 billion and will be 30km long and have 50 LRT stations, with at least three terminal stations at each. He said that two routes were needed. Located in IKEA Tebrau, Iskandar Puteri area (either Legoland or Forest City), and Senai.
The official also said that both LRT and RTS will create a one-hour metropolitan area in the Johor Bahru area, allowing people in Johor and Singapore to enjoy a more convenient and faster public transport system, as well as a way to get around. He is reported to have said that he would also change.
oriental daily The source also said the Johor government has made a preliminary decision on the location of a transport hub linking Johor’s LRT and RTS, which is expected to be in the Taman Tasik and Danga Bay areas. There is.