KUALA LUMPUR, Feb. 3 -- Theta Nylex Consortium has proposed to develop a medium-capacity light rail transit (LRT) system for the Northern and Eastern Lines in Wilayah Iskandar Johor under a build-operate-transfer model.
In a statement today, it said the project, estimated to cost RM8.75 billion, will be developed in phases.
Phase 1 will involve a 10km elevated LRT line connecting the Customs, Immigration, and Quarantine (CIQ) Complex at Bukit Chagar to Taman Tasek.
It is targeted for completion in early 2027.
Subsequent phases may include both elevated and at-grade sections, depending on land availability.
The project will be funded through a Public-Private Partnership (PPP) model, with Transit-Oriented Developments (TODs) proposed to ...