Singapore, Malaysia reach deal on Malay railway land

THE leaders of Singapore and Malaysia have agreed in relation to the issue concerning Malaysian Railway land in Singapore that the Singapore Government shall vest four land parcels in Marina South and two land parcels in Ophir-Rochor in M-S Pte Ltd.

The action is in lieu of the three parcels of the land in Tanjong Pagar, Kranji and Woodlands and three pieces of land in Bukit Timah.

The four Marina South parcels are located in Singapore's Marina Bay, while the two Ophir-Rochor parcels are located next to the Kampong Glam Historic District in a new growth corridor that is being developed as an extension of Singapore's Central Business District.

The Marina South and Ophir-Rochor land parcels shall be vested in M-S Pte Ltd for joint development when Keretapi Tanah Melayu Berhad (KTMB) vacates the Tanjong Pagar Railway Station (TPRS). The KTMB station will be relocated from Tanjong Pagar to the Woodlands Train Checkpoint by July 2011 whereby Malaysia would co-locate its railway Customs, Immigration and Quarantine facilities at WTCP.

In addition, both leaders have reiterated their commitment to jointly develop a rapid transit system link between Johor Bahru and Singapore with a single co-located CIQ facility in Singapore aimed at enhancing connectivity between the two countries.
(Source:www.schednet.com)