Tuesday, May 25, 2010

Malaysia-Singapore Deal

Malaysia and Singapore moved foward on its Points of Agreement with "enhanced features" to the 1990 draft. The POA to be finalised in a month's time.

Malaysia to move its KTMB railway station from Tanjong Pagar to Woodlands by 1 July 2011, together with the CIQ.

Six parcels of KTMB land to be jointly developed by a company to be called M-S Pte Ltd and set up by 31 December 2010 between Khazanah Nasional Berhad (60%) and Temasek Holdings Limited (40%). One each at Tanjong Pagar, Kranji and Woodlands and three at Bukit Timah. The developed land could be swapped for land in Marina South and Ophir Rochor.

A rapid transit system could be developed between Tanjung Puteri in Johor Bahru and Singapore by 2018.

Malaysia and Singapore to consider reduction of toll rates at the Second Link.

There could be a Think Link in the distant future.

Singapore will hand over the Skudai waterworks to Malaysia fre of charge and in good working order on 1 July 2011 after the expiration of the 50-year agreement of 1961.

Other deals at the Malaysia Singapore retreat.

Kahzanah and Temasek to set up a 50-50 joint venture to develop a 202.3 hectare township in Iskandar Malaysia to be launched within a year.

An integration of Johor with Singapore.

No comments: