KTMB station in Tanjong Pagar to relocate to Woodlands by 1 Jul 2011
By S Ramesh | Posted: 24 May 2010 1432 hrs
Photos 1 of 1
Prime Minister Lee Hsien Loong (file pic)
SINGAPORE : The Prime Ministers of Malaysia and Singapore have agreed that the Keretapi Tanah Melayu Berhad (KTMB station) currently in operation at Tanjong Pagar will be relocated to the Woodlands train checkpoint by 1 July 2011.
Announcing this in a joint statement on Monday in Singapore, Prime Minister Lee Hsien Loong and his Malaysian counterpart Najib Razak also agreed that Malaysia would co-locate its railway and Customs, Immigration and Quarantine (CIQ) to the Woodlands train checkpoint.
Singapore would facilitate the relocation to the Woodlands train checkpoint and ensure bus service connectivity from the KTMB station at Woodlands to a nearby MRT station for the convenience of train passengers.
Both countries also announced that a company known as MS Pte Ltd will be established as soon as practicable but not later than 31 December this year.
Malaysia would hold a 60 per cent stake in this company under Khazanah Nasional Berhard while Singapore will have a 40 per cent share to be held by Temasek Holdings.
The three parcels of land in Tanjong Pagar, Kranji and Woodlands, and another three pieces of land in Bukit Timah will be vested by MS Pte Ltd for joint development which in turn could be swapped on the basis of equivalent value for pieces of land in Marina South and/or Ophir-Rochor.
The joint statement says both sides will conduct their respective valuations.
Prime Minister Lee will visit Kuala Lumpur within a month with a proposal for the land swap for Malaysia.
The transfer of the land parcel to MS Pte Ltd will take effect at the time when KTMB vacates the Tanjong Pagar Railway Station.
UMNO is really desperate. I wonder what other concession Najib offered to S'pore?
By S Ramesh | Posted: 24 May 2010 1432 hrs
Photos 1 of 1
Prime Minister Lee Hsien Loong (file pic)
SINGAPORE : The Prime Ministers of Malaysia and Singapore have agreed that the Keretapi Tanah Melayu Berhad (KTMB station) currently in operation at Tanjong Pagar will be relocated to the Woodlands train checkpoint by 1 July 2011.
Announcing this in a joint statement on Monday in Singapore, Prime Minister Lee Hsien Loong and his Malaysian counterpart Najib Razak also agreed that Malaysia would co-locate its railway and Customs, Immigration and Quarantine (CIQ) to the Woodlands train checkpoint.
Singapore would facilitate the relocation to the Woodlands train checkpoint and ensure bus service connectivity from the KTMB station at Woodlands to a nearby MRT station for the convenience of train passengers.
Both countries also announced that a company known as MS Pte Ltd will be established as soon as practicable but not later than 31 December this year.
Malaysia would hold a 60 per cent stake in this company under Khazanah Nasional Berhard while Singapore will have a 40 per cent share to be held by Temasek Holdings.
The three parcels of land in Tanjong Pagar, Kranji and Woodlands, and another three pieces of land in Bukit Timah will be vested by MS Pte Ltd for joint development which in turn could be swapped on the basis of equivalent value for pieces of land in Marina South and/or Ophir-Rochor.
The joint statement says both sides will conduct their respective valuations.
Prime Minister Lee will visit Kuala Lumpur within a month with a proposal for the land swap for Malaysia.
The transfer of the land parcel to MS Pte Ltd will take effect at the time when KTMB vacates the Tanjong Pagar Railway Station.
UMNO is really desperate. I wonder what other concession Najib offered to S'pore?
