Announced
Financials
Sources
Tags
Cross Border
Acquisition
Joint Venture
Transportation & Logistics
Friendly
Pending
Singapore
Private
Third Party Logistics (3PL)
Synopsis
Prasarana, a Malaysia’s public transportation provider, and SMRT, a Singapore’s rail operator, are set to create the RTS Operations joint venture, which will design, build, and finance the Rapid Transit System Link operating assets including trains, tracks and systems. Financial terms were not disclosed. “The RTS Link is a significant milestone that will bring the people, cultures and societies on both sides of the Causeway closer. It will enhance cross-border connectivity for millions of commuters for decades to come,” Seah Moon Ming, SMRT Chairman.
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