KL agrees to vacate historic Singapore train station
May 24, 2010
SINGAPORE, May 24 — Prime Minister Datuk Seri Najib Razak and his Singapore counterpart Lee Hsien Loong agreed today to relocate to Woodlands the 78-year-old Tanjong Pagar railway station operated by Keretapi Tanah Melayu Berhad (KTMB)
The relocation, to take place on July 1 next year, marks a major step in resolving a number of outstanding bilateral issues between the two countries, as first reported by The Malaysian Insider last September 29.
According to a statement released after a meeting between Najib and Lee here today, the two governments will also form a company to jointly develop parcels of land now owned by KTMB.
The two leaders agreed that Malaysia would co-locate its railway and Customs, Immigration and Quarantine (CIQ) complex 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 no later than Dec 31 this year to jointly develop the parcels of land.
Malaysia is to hold a 60 per cent stake in this company under Khazanah Nasional Berhad, while Singapore will have a 40 per cent share held by Temasek Holdings.
The three parcels of land in Tanjong Pagar, Kranji and Woodlands, along with 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 said both sides would conduct their respective valuations.
Lee will visit Kuala Lumpur within a month with a proposal for the land swap with 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.
PC/mtfellowship
May 24, 2010
SINGAPORE, May 24 — Prime Minister Datuk Seri Najib Razak and his Singapore counterpart Lee Hsien Loong agreed today to relocate to Woodlands the 78-year-old Tanjong Pagar railway station operated by Keretapi Tanah Melayu Berhad (KTMB)
The relocation, to take place on July 1 next year, marks a major step in resolving a number of outstanding bilateral issues between the two countries, as first reported by The Malaysian Insider last September 29.
According to a statement released after a meeting between Najib and Lee here today, the two governments will also form a company to jointly develop parcels of land now owned by KTMB.
The two leaders agreed that Malaysia would co-locate its railway and Customs, Immigration and Quarantine (CIQ) complex 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 no later than Dec 31 this year to jointly develop the parcels of land.
Malaysia is to hold a 60 per cent stake in this company under Khazanah Nasional Berhad, while Singapore will have a 40 per cent share held by Temasek Holdings.
The three parcels of land in Tanjong Pagar, Kranji and Woodlands, along with 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 said both sides would conduct their respective valuations.
Lee will visit Kuala Lumpur within a month with a proposal for the land swap with 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.
PC/mtfellowship
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