KUALA LUMPUR: Ekovest Bhd has secured a RM1.979bil contract to undertake the development of the Johor Bahru to Singapore Rapid Transit System Link Rail (RTS Link Project).
In a submitting with Bursa Malaysia, Ekovest stated its wholly-owned subsidiary, Ekovest Construction Sdn Bhd (ECSB) has been accepted by Malaysia Rapid Transit System Sdn Bhd (MRTS), the developer and proprietor of the civil infrastructure for the part of Malaysia RTS Link Project, because the collaborative accomplice of Adil Permata Sdn Bhd (APSB).
APSB is the appointed primary contractor by MRTS for the RTS Link Project, to undertake the development of the RTS Link Project.
“On July 5, ECSB has accepted the letter of award by APSB as the engineering, procurement and construction (EPC) contractor for the RTS Link Project with a contract sum of RM1.979bil for the RTS Link rail works,” Ekovest stated.
“The participation of ECSB as the collaborative partner of APSB and the EPC contractor to undertake the construction of the RTS Link Project will replenish the construction order book and is expected to contribute positively to the financial performance of Ekovest and its group of companies,” it added.
The RTS Link Project consists of a railway shuttle hyperlink of roughly 4km (Malaysia: 2.7km and Singapore: 1.3km) with two stations, one in Bukit Chagar, Johor Bahru and one in Woodlands, Singapore.
The hyperlink for the RTS Link Project can be a contemporary mild rail transit (LRT) system that may present excessive quantity, quick and environment friendly transportation system between the 2 stations, offering another technique of transportation that may assist alleviate the congestion at immigration checkpoints for each international locations.
The RTS Link Project additionally contains the constructing of latest immigration, customs and quarantine complicated (ICQ) facility subsequent to the station at Bukit Chagar, Johor Bahru, Malaysia.
Similarly, the RTS hyperlink station in Woodlands, Singapore may also have customs, immigration and quarantine (CIQ) services.
The Malaysian ICQ and Singaporean CIQ services will probably be co-located inside the similar constructing, permitting your entire immigration means of leaving and coming into each international locations to be accomplished on the departing station.
The RTS Link Project expects to supply an estimated 10,000 commuters per hour per route through Johor Bahru to Singapore and it’ll ease the congestion on the Malaysia Singapore Causeway.