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RTS rapid transit system linking Johor and Singapore (MASTEEL)

JBCC station is at Old Lorry custom.

Please take note.


Thanks for sharing the info on Track Station.

Is RTS Station and JBCC station being identified at Old lorry custom site?
Thought the RTS station will be located at JB sentral?

From the Masteel website they shown that the station will be at JB Sentral.
 
This is publish in Dec 2010. They already plan for the RTS in the early day.

KUALA LUMPUR (Dec 10): The long-awaited rail transit system (RTS) from Singapore will likely land in Tanjung Puteri, Johor Baru, according to executives involved in the project. An announcement, expected in the next two months, will finally put to rest speculation on the location of the RTS that is likely to provide the connection from Woodlands in Singapore to Johor Baru. “The RTS station will be located in Tanjung Puteri, which is where the old Woodlands causeway link is located. From here, the plan is to also develop a tram system to connect the terminal to other major areas in Johor Baru such as Kempas, Bandar Nusajaya and the eastern side of Johor Baru,” said an executive. Menteri Besar Datuk Abdul Ghani Othman announced last week that a further 200 acres would be reclaimed in Tanjung Puteri which would be extended as the new centre for Johor Baru city. He also said trams would be built from Tanjung Puteri to other parts of Johor to ferry traffic. Ghani said the existing Johor Baru buildings would be developed into a heritage city, a project awarded to Iskandar Waterfront Holdings Sdn Bhd (IWH). Previously, there was speculation on the location of the RTS in Johor with three areas short listed. Apart from Tanjung Puteri, the other areas are Bandar Nusajaya in which the state administrative capital is located and Kempas, where the majority reside and commute daily to Singapore for work. However, the locations favoured in the last few months are Bandar Nusajaya and Tanjung Puteri. This comes as no surprise as there are multi-billion property projects in both areas taking advantage of the cheaper alternative Johor offers compared with Singapore. Nusajaya is an integral part of Iskandar Malaysia positioned by the government as the corridor that will fuel economic growth in the southern region because of its proximity to Singapore through the Second Link. The development in Iskandar Malaysia, particularly Nusajaya, is driven by Khazanah Nasional Bhd. Its listed subsidiary UEM Land Bhd owns the bulk of the land in Iskandar Malaysia and has gone into several joint developments. The latest is a joint venture with Singaporean billionaire Peter Lim to build a RM3.5 billion Motorsport City in Gerbang Nusajaya, Johor. It is located close to the Second Link and is expected be operational in 2016. The development in Tanjung Puteri falls under IWH, primarily the master developer of all water front land in Johor Baru, and the redevelopment of the city. Currently, the group is jointly controlled by Tan Sri Lim Kang Hoo, who has a 60% stake through his family company Credence Resources Sdn Bhd, with Kumpulan Prasarana Rakyat Johor, a unit owned by the state government, holding the rest. However, the group is said to likely see a shift in the shareholding in the next few months as Iskandar Investment Bhd is expected to end up with 20% of IWH. Credence Resources’ equity interest is to be reduced to 40%. “IWH is also undertaking massive development in JB at the water front and the existing city itself. However, the progress has been relatively slower compared to the speed at which development is taking place in Nusajaya,” said an executive. For instance so far, IWH has sold less than 160 acres of land for water front development in Danga Bay. This is primarily because the concept of development is different as IWH is a developer of water front projects compared with housing and industries in Iskandar Malaysia. “Water front projects are more expensive because the cost of land reclamation itself is RM60 per square feet (psf). In the latest transaction involving Country Garden Holdings Ltd of China, the land was at RM376 psf. So the units are priced higher compared to Iskandar Malaysia,” said the executive. The executive said the location of the RTS at Tanjung Puteri would help speed up development in the areas under IWH. The RTS is part of an agreement between the governments of Malaysia and Singapore inked in 2010 as part of the relocation of land belonging to KTM Bhd in the island republic. In return for giving up the land, the government was given 199 acres and Singapore committed to build a RTS with a single customer and immigration clearance in Woodlands. The target date for completion of the RTS is 2018 and it has not been decided whether it will be along the causeway or below the sea through a tunnel. Singapore recently announced that its 30km Thomson mass rapid transit line will run through the north-south corridor of the island from Woodlands to Marina Bay.

Thanks for sharing the info on Track Station.

Is RTS Station and JBCC station being identified at Old lorry custom site?
Thought the RTS station will be located at JB sentral?

From the Masteel website they shown that the station will be at JB Sentral.
 
‘Iskandar Malaysia Rail Project not government-driven’
Posted on July 18, 2013, Thursday


KUCHING: Iskandar Malaysia Rail Project is a private sector initiative, as opposed to a government-driven project, according to Malaysia Steel Works Bhd’s (Masteel) managing director/chief executive officer (CEO) Datuk Sri Tai Hean Leng.
In a statement to the media, Tai reiterated that while the idea has been promoted by Malaysia for over four years, other bidders are not prevented from submitting their bids to the government.

As such, Metropolitan Commuter Network Sdn Bhd (Metropolitan Commuter Network) was not ‘awarded’ the contract by the government.
“In fact, Metropolitan Commuter Network is still undergoing the process of obtaining necessary approvals from various government ministries, and has not been granted full approval to undertake the project,” he said.
Metropolitan Commuter Network is a joint venture company between KUB Malaysia Bhd and Masteel. Funding-wise, Tai said the venture is under the public-private partnership scheme where both parties are funding the venture.
The construction cost only makes up part of the costs with Metropolitan Commuter Network to bear additional investments including expenditure for rolling stock such as trains and other systems.

“Under normal circumstances, the government is responsible to fund all public infrastructure works as it is the owner of the infrastructure.
“In the case of Metropolitan Commuter Network, although all rail infrastructure and stations are owned by the government, the company itself will pay the government RM700 million over an agreed duration for the use of these infrastructure or ‘soft loan’,” he said
Tai added that the funding structure of the RM700 million ‘soft loan’ has yet to be finalised and Metropolitan Commuter Network is in discussion with local and foreign banks to secure the funding.

http://www.theborneopost.com/2013/0...-project-not-government-driven/#ixzz2ZPL7J2TR
 
Mahathir back in the saddle?

Last week, the Malaysian government announced its allocation of public university seats for the upcoming academic year. Only 19 percent of Chinese students got places, along with 4 percent of Indians despite the fact that the two together make up about 30 percent of the student population. Last year, Chinese students got 23 percent, in line with their proportion of the overall population.

That was the first tangible fallout from the 13th general election held on May 5, in which the BN, the ruling national coalition, won 133 of the 222 seats in the Dewan Rakyat, or Parliament, preserving its majority despite the fact that it only received 47.38 percent of the popular vote against 50.87 for the opposition Pakatan Rakyat coalition headed by Anwar Ibrahim.

The second came yesterday with the revelation by DAP national publicity chief Tony Pua of the award of a RM1 billion (US$314 million) commuter railway project in the massive government-backed Iskandar development in the southern state of Johor to Metropolitan Commuter Network Sdn Bhd, a 60:40 joint venture between Malaysian Steel Works Sdn Bhd and KUB Malaysia Bhd, both of which are linked to Umno, to build and operate a 100km inter-city rail service in Johor.

According to an official with the company quoted in local media, Masteel will receive a 37-year build-own-transfer arrangement on the project despite the fact that it is slated to break even in 12 years. Although Masteel says the project was a private sector initiative dating from 2008, it is inconceivable that it would have been granted without the imprimatur of the government.


The common denominator appears to be the return of Dr Mahathir Mohamad, the 88-year-old former prime minister, and his close friend and ally, former finance minister Daim Zainuddin, at the top of the power structure in Umno, politically emasculating current Prime Minister Najib Razak.

Despite the loss of the popular vote, the majority of the rank and file inside Umno believe it was Mahathir's strident racial politics that preserved the BN's - and particularly Umno's - place at the top of Malaysian politics, and that it was Najib's attempt to reach out to the other races that cost them.

Ethnic Malays make up 60.3 percent of Malaysia's population, Chinese 22.9 percent and Indians 7.1 percent, according to the latest census. Malays and Indians dramatically abandoned the BN in the May election, with the MCA hit so hard that the party, once the second-biggest in the coalition, refused all cabinet positions. The MIC fared somewhat better, but not much.

Mahathir, Daim are in charge

"Najib was a good prime minister. But instead of strengthening his hand, the Chinese and non-Malays and non-Muslims weakened him. But Umno is strong. So Najib is out of steam," said a lawyer with close contacts to the Mahathir wing of the party.

"Najib has lost energy, lost his mandate, lost respect. Mahathir, Tun Daim and the Umno grassroots are in charge."

The practical effect is likely to be felt sometime around the Umno annual general meeting later this year, he and other sources say. The party appears to be following the dictates of Malay nationalists such as the firebrand Ibrahim Ali, the head of the NGO Perkasa, and will seek to cut further into Chinese opportunities in commerce, education and other fields.

In particular, several sources said, Najib's attempts to broaden the investment horizon in Malaysia through cutting back on ethnic Malay ownership privileges are dead, along with his 1Malaysia attempts to reach out to other races.

Najib himself has gone silent, leaving his faction in the party distressed and at sea, believing he was so discouraged with the election results that he has basically given up. After the election, he left for an extended government trip to Tanzania and London, followed by a holiday on the French Rivera, then returned to Malaysia after two weeks to continue to remain mute.

17613_10151824169860555_12430700_n.jpg
 
Iskandar commuter rail network (CRN) proposal. On 19 Jan, Masteel and KUB Malaysia Bhd (KUBM MK; Not Rated) formed a 60:40 joint venture Metropolitan Commuter Network Sdn Bhd (MCN) to submit a detailed proposal to supply and operate a world-class commuter train network in the Iskandar Development Region. In Feb 2011, a senior official at Johor’s State Economic Planning Unit (Upen) said that other bidders are also likely to submit proposals. To our knowledge, there have been no other bids for the Iskandar rail project.

Key points about the MCN proposal are:
- The MCN proposal involves building and operating a 100km intra-city commuter rail network (CRN) system in Iskandar Malaysia and to Woodlands, Singapore. The project cost is valued at RM1.0-1.3bn.

- The CRN will use Keretapi Tanah Melayu Bhd’s (KTMB) existing railway track and land reserves. There will be up to 25 commuter stations in major towns in the Iskandar Malaysia region, with the main depot located in Kempas Baharu.

- The project has two components: the “build-transfer” of the rail transit infrastructure and the “own-operate” of the intra-city train system. The project is to be undertaken in two phases and is expected to be completed within 24 months from project commencement. The Iskandar rail project is expected to be awarded by June-July 2011.

- The “build-transfer” portion of the CRN will be funded by project financing under the federal government’s public-private partnership scheme while the “own-operate” portion of the CRN will be funded by MCN and will be a 27-year concession.

- We understand that MCN is negotiating a funding package for the “own- operate” portion that will involve 70% debt and 30% equity.
1 If the Masteel/KUB JV wins the project, consolidated proforma gearing is expected to increase from 0.5x currently to over 1.0x. This is within management’s acceptable range and will not hinder the company from pursuing other growth opportunities during the “build-transfer” period of the rail project.
MSW MK NOT RATED
Iskandar Malaysia intra-city rail transit network
Source: Masteel investor presentation, Iskandar Malaysia Valuation
- By 2012, we expect Masteel to expand its billet capacity by 30% to 650k metric tonnes and the capacity of its rolling mill by 43% to 500k metric tonnes. In comparison, Ann Joo has a billet capacity of 680k metric tonnes p.a. and three rolling mills with an annual capacity of 580k metric tonnes. Masteel’s rolling mill utilisation rates are expected to remain high at 85%, underpinned by the property boom in the Klang Valley. Core earnings (ex- CRN) are expected to double from FY10 to FY12, which we believe will drive valuations and re-rate the stock.
Valuation of Malaysia’s steelmakers
Source: Bloomberg, CIMB Research

- Strong core earnings growth. Masteel’s core net profit is set to rebound from a loss of RM8.1m in 2009 to RM80m-90m in 2012, underpinned by the company’s capacity expansion plans. Using 2010 as a base, this implies a 2-year FD Core EPS CAGR of 49%. Despite Masteel’s earnings growth potential, its CY12 P/E of 4.8x is 30% below Ann Joo’s P/E of 7.0x and 60% below the KLCI’s P/E of 12.9x.

- Trading at a discount. Masteel trades at discounts to its peers. Its 0.6x P/NTA and 10.5x FY10 P/E are 40% lower than the sector average. Also, Masteel’s net gearing of 43.8% is lower than the sector’s 92.1%.

- Masteel valuation. Applying 10.2x P/E

http://www.masteel.com.my/uploads/Masteel_CIMB_Pg3-5_110411.pdf
 
http://www.btimes.com.my/Current_News/BTIMES/articles/27MSTEEL/27MSTEEL.pdf

Masteel aims to start Iskandar rail job by 2014
Roziana Hamsawi [email protected] 2013/06/28

SHAH ALAM: Steel manufacturer Malaysia Steel Works (KL) Bhd (Masteel) hopes its joint-venture rail transit project in Iskandar Malaysia with KUB Malaysia Bhd to start as early as next year.

Managing director Datuk Seri Tai Hean Leng said their joint-venture company, Metropolitan Commuter Network Sdn Bhd, is awaiting approvals from various authorities.

"We hope to finalise the financing part of this and then we can start work on the project by as early as next year," he said after Masteel's annual general meeting here yesterday.

Tai said the estimated cost of the project remains at more than RM1 billion as when it was first announced two-and-a-half years ago.

"KUB, which owns 40 per cent stake in the JV (joint venture), will build 21 commuter stations in major towns in Iskandar Malaysia, while we will operate and manage the whole inter-city rail transit system," he said, adding that the project is expected to be completed in three years.

Tai also said the company expects to see an increase of between eight and 10 per cent of tonnage volume this year as demand for steel bars, its principal product, continues.

"But due to an estimated drop of about 15 per cent in raw material prices this year, we are expecting lower revenue for the financial year ending December 31 2013." In 2012, the company posted RM1.31 billion revenue and a RM24.9 million net profit.

"Last year was challenging for the steel industry but we still did good. So we are not expecting any lesser challenges this year but believe it would still be a good year," he said.

He added that to meet increasing demand, the company is investing a further RM100 million over the next two years on a new steel rolling mill that will boost its annual steel bar production to 550,000 tonnes.

Last December, Masteel completed an RM80 million expansion of its Bukit Raja meltshop, increasing its steel billets production capacity to 600,000 tonnes annually.

On its dividend, Tai said the company is aiming to increase it to 15 per cent of its net profit over three payouts, from 13.4 per cent last year.
 
This thread should be re-named "MASTEEL intra-Iskandar rail network" otherwise it may be confused with the "RTS" which is basically the cross-border S'pore-JB MRT link still under consideration by the 2 governments.
 
I already know the station in Singapore. Just waiting for them to announce.

Singapore Government is full of rubbish. 1 station also play "hard to guess".

JUST BESIDE REPUBLIC POLY.

This thread should be re-named "MASTEEL intra-Iskandar rail network" otherwise it may be confused with the "RTS" which is basically the cross-border S'pore-JB MRT link still under consideration by the 2 governments.
 
The RTS shd be next biggest thing to propel property prices in Johor (more on Zone A) and Woodlands upwards. The Commuter slowly spreads e wealth effect to other parts of Johor. Likely for more Johoreans to earn strong SGD n spend in Johor. We should see some explosive growth n serious inflation near 1st link when RTS is up.
 
This is publish in Dec 2010. They already plan for the RTS in the early day.

Seem there are few versions of RTS location in JB.
Earlier on there are some news reported that RTS will be located in the vicinity of JB Sentral.
But there are some reported that it's likely in Tanjung Puteri.
Looks like we need to wait for the official joint announcement from both government on this RTS.

Im wonder why they need to take so long to study and everything seem so secretive.
 
Seem there are few versions of RTS location in JB.
Earlier on there are some news reported that RTS will be located in the vicinity of JB Sentral.
But there are some reported that it's likely in Tanjung Puteri.
Looks like we need to wait for the official joint announcement from both government on this RTS.

Im wonder why they need to take so long to study and everything seem so secretive.

It's 90% cfm to be at the Old Lorry Customs. There's not a big enuff land to build it at JB Sentral, considering the huge vol. of vehicles, passengers required. Not to mention the security aspects......
 
Taman daya station on the intra-iskandar rail network is near the hockey stadium & econsave. this is the best location with a good landbank.
astaka padu (astaka condo developer) owns this piece of land here which they have built a petrol station, and coming up Mcdonalds.
 
The choice for an undersea tunnel is compelling as follows:-

1) There is not enough land for an above ground rail tracks.
2) Singapore side Thomson line is fully underground so to rise to above ground after "Woodlands North" station for crossing the straits is difficult.
3) The land in Kempas belongs to KTM and the Govt need not do any compulsory acquisition. The Immigration HQ offices are already located in Kempas now.
4) A tunnel will solve the continuing argument for overhead or ground level electricity supply grids.
5) In February, Iskandar Regional Development Authority chief executive officer Datuk Ismail Ibrahim said that the Nusajaya terminal would be connected to Kempas Baru, which had been designated as an integrated public transportation hub for Iskandar Malaysia.
6) In May 2011, former Menteri Besar Datuk Abdul Ghani Othman said JB Sentral is unlikely to house the RTS as there is no space for the purpose.
 
It's 90% cfm to be at the Old Lorry Customs. There's not a big enuff land to build it at JB Sentral, considering the huge vol. of vehicles, passengers required. Not to mention the security aspects......

Would it makes sense to provide funding to build the RTS to benefit private owners when they could build it around the gov huge land bank/reclaimed land to sell the land or develop the land to bring in the fund for the RTS. It is also shorter and so would cost lesser as compared to extending into JB Sentral.
 
Mahathir back in the saddle?

"Najib was a good prime minister. But instead of strengthening his hand, the Chinese and non-Malays and non-Muslims weakened him. But Umno is strong. So Najib is out of steam," said a lawyer with close contacts to the Mahathir wing of the party.

"Najib has lost energy, lost his mandate, lost respect. Mahathir, Tun Daim and the Umno grassroots are in charge."

The practical effect is likely to be felt sometime around the Umno annual general meeting later this year, he and other sources say. The party appears to be following the dictates of Malay nationalists such as the firebrand Ibrahim Ali, the head of the NGO Perkasa, and will seek to cut further into Chinese opportunities in commerce, education and other fields.

In particular, several sources said, Najib's attempts to broaden the investment horizon in Malaysia through cutting back on ethnic Malay ownership privileges are dead, along with his 1Malaysia attempts to reach out to other races.

Najib himself has gone silent, leaving his faction in the party distressed and at sea, believing he was so discouraged with the election results that he has basically given up. After the election, he left for an extended government trip to Tanzania and London, followed by a holiday on the French Rivera, then returned to Malaysia after two weeks to continue to remain mute.

I've always advocate that Najib should be given the support he needs from the non-Muslims group in Bolehland. But sadly, this was not the case in their last GE. Even when my Chinese neighbor is a strong opposition supporter, I told them that they should consider the serious consequences to their own race should Najib be toppled, but with UMNO still in power. I told them that as for me, I've not much to lose. My investment in Bolehland is just a mere percentage of my wealth and at most, I'll just sell away my possessions and return to Sinkie Land in the most adverse situation. As for them, should the breed of "Mahathirism" were to take over, their final option is to emigrate, otherwise, continue to suffer even worse than now and rot away. However, they were too stubborn to take heed of my advice.

Let's pray if Najib will be strong enough to be reelected again come this October 2013. Sorry to be off topic in this thread.
 
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