{"id":96597,"date":"2018-08-24T13:05:14","date_gmt":"2018-08-24T06:05:14","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/rts-link-to-continue-despite-missing-deadline-to-form-jv\/"},"modified":"2018-08-24T14:02:57","modified_gmt":"2018-08-24T07:02:57","slug":"rts-link-to-continue-despite-missing-deadline-to-form-jv","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rts-link-to-continue-despite-missing-deadline-to-form-jv\/","title":{"rendered":"RTS link to continue despite missing deadline to form JV"},"content":{"rendered":"


\nMap of Rapid Transit System (RTS) route expected to be completed by 2024
\nSingapore\u2019s Transport Minister Khaw Boon Wan held a meeting with his Malaysian counterpart Anthony Loke last week to talk about joint transportation projects like the Johor Bahru-Singapore Rapid Transit System (RTS).
\n\u201cThe ministers look forward to strengthening transport collaboration, and to bring the RTS Link project to fruition, which will ease congestion at our existing land checkpoints,\u201d a representative from MOT told Channel NewsAsia.
\nWhile the RTS link is expected to lessen traffic congestion in the Causeway by a maximum of 15 percent upon its completion by 2024, that government of Singapore and Malaysia missed the deadline earlier this year to set-up a joint venture (JV) that will run the RTS. This is because the latter is currently looking into the contracts inked by the previous administration.
\nIn July, Loke insisted that Malaysia is still committed in undertaking the RTS project, and a working paper pertaining to it will soon be submitted to the Cabinet for approval.
\nAside from that, a MOT spokesperson revealed that Khaw talked with Malaysia\u2019s Minister of Economic Affairs Mohamed Azmin Ali at Putrajaya \u201cto continue the discussion they had on the Kuala Lumpur-Singapore High-Speed Rail (HSR) project.\u201d
\nPreviously, both ministers met in Singapore on 11 August to discuss the fate of the large-scale transport project that is estimated to cost RM110 billion (S$37 billion), and both had agreed to continue their talks.
\nIn June, Malaysian Prime Minister Tun Dr Mahathir Mohamad said that they will negotiate with Singapore to defer the 350km rail project amidst Malaysia\u2019s high federal debt of more than RM1 trillion (S$337.9 billion).
\nEugenia Rosaline Shlaen edited this story. To contact her about this or other stories, email eugenia@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…RTS link to continue despite missing deadline to form JV<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Map of Rapid Transit System (RTS) route expected to be completed by 2024 Singapore\u2019s Transport...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-96597","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-p81","jetpack-related-posts":[{"id":91145,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-johor-rapid-transit-system-outweighs-scrapped-high-speed-rail\/","url_meta":{"origin":96597,"position":0},"title":"Singapore-Johor Rapid Transit System outweighs scrapped High Speed Rail","date":"June 11, 2018","format":false,"excerpt":"\r The implementation of the RTS is expected to help reduce congestion at the causeway. The RM4 billion (S$1.34 billion) Rapid Transit System (RTS) connecting Singapore with Johor Bahru is more viable and practical than the High Speed Rail (HSR) that is estimated to cost RM110 billion (S$37 billion), reported\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105927,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-malaysia-working-to-hash-out-rts-link-suspension\/","url_meta":{"origin":96597,"position":1},"title":"Singapore, Malaysia working to hash out RTS Link suspension","date":"April 10, 2019","format":false,"excerpt":"\r The RTS project remains a priority for both countries considering the heavy traffic congestion at the Causeway. Singapore and Malaysia are working on a supplemental agreement to put in place a six-month suspension of the Johor Bahru-Singapore Rapid Transit System Link (RTS) project. Singapore Transport Minister Khaw Boon Wan\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111209,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-and-malaysia-extend-rts-link-deadline-by-another-month\/","url_meta":{"origin":96597,"position":2},"title":"Singapore and Malaysia extend RTS Link deadline by another month","date":"September 30, 2019","format":false,"excerpt":"\r During the suspension, Malaysia will decide if it wants to continue with the project as it is. It can also suggest changes to the project scope, with Singapore giving due consideration to such changes. Malaysia\u2019s Ministry of Transport revealed that Singapore and Malaysia have agreed to extend, for another\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112140,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jb-singapore-rts-link-delayed-further-to-april-2020\/","url_meta":{"origin":96597,"position":3},"title":"JB-Singapore RTS Link delayed further to April 2020","date":"November 5, 2019","format":false,"excerpt":"\r This comes as the details of Malaysia\u2019s proposed changes to the RTS Link project is not yet ready. While Malaysia had already decided to go ahead with the Johor Bahru-Singapore Rapid Transit System (RTS) Link project, Transport Minister Khaw Boon Wan said the suspension period for the project has\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117770,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/discussions-on-rts-link-project-can-be-concluded-by-end-july-mot\/","url_meta":{"origin":96597,"position":4},"title":"Discussions on RTS Link project can be concluded by end-July, MOT","date":"July 13, 2020","format":false,"excerpt":"\r This comes as Singapore and Malaysia have been engaged in \u201cintensive discussion\u201d over the RTS Link project, said the ministry. Singapore has expressed optimism that discussions relevant to the Johor Bahru-Singapore Rapid Transit System (RTS) Link project could be concluded by the end of July, reported Channel News Asia\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107365,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/johor-bahru-singapore-rts-link-project-suspended\/","url_meta":{"origin":96597,"position":5},"title":"Johor Bahru-Singapore RTS Link project suspended","date":"May 22, 2019","format":false,"excerpt":"\r Singapore Transport Minister Khaw Boon Wan said that the project\u2019s suspension would set back the targeted completion date by \u201ca couple of years\u201d. At Malaysia\u2019s request, Singapore has agreed to suspend the Johor Bahru-Singapore Rapid Transit System (RTS) Link\u2019s construction until 30 September, reported Channel News Asia. The project\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/96597"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=96597"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/96597\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=96597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=96597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=96597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}