«Fortunately, we have the technology to discuss and negotiate, although there is no substitute for personal dialogue. But he can`t be helped, it`s an unusual time! I look forward to witnessing with Minister Wee Ka Siong the signing of the three agreements that will get the RTS-Link project back on track. On 31 October 2019, Mahathir Mohamad, then Prime Minister of Malaysia, announced that the project would be increased to RM3.16 billion by reducing costs by 36%. Some of these proposals include involving the developers/owners of bukit chagar-land to waive land costs; This will reduce costs and use an LRT (Light Rail Transit) system similar to the LRT ampang line to reduce costs instead of Thomson-East Coast MRI line systems. Prasarana will remain the joint venture partner for RTS, which will work on the project with SMRT. Details are still being worked out to prepare for a future agreement.   PETALING JAYA: Bilateral discussions on the Johor Baru-Singapore Rapid Transit System (RTS) link project have been extended by three months, according to the Ministry of Transport. Under the terms of the agreement, OpCo will be a joint venture between a Malaysian company and a Singaporean company for the first 30-year concession period. These companies are Prasarana from Malaysia and SMRT Corporation from Singapore. «The companies have committed to create the joint venture (JV) before 30 June 2018 and to sign the concession contract before 30 September 2018. The following concessions will be awarded under an open tender,» the statement said. The task is to finalize the three important agreements in a timely manner so that they can be signed before July 31, 2020,» MOT said. The two governments agree that the OpCo will be a joint venture between a Malaysian company and a Singaporean company for the first concession period, which will cover the first 30 years of operation. The two governments welcomed the exchange of letters between the Ministry of the Prime Minister of Malaysia, Prasarana Malaysia Berhad, LTA, and SMRT Corporation Ltd, and noted their commitment to establish a joint venture (JV) that will be the OpCo for the first concession period. The companies have committed to join the joint venture by June 30, 2018 and to sign the concession contract by September 30, 2018.
The following concessions will be awarded through an open call for tenders. On 14 January 2019, Singapore`s Minister of Transport, Khaw Boon Wan, indicated that the project was not progressing well, with Malaysia missing the dates set within the deadlines set at the 2018 bilateral meeting. the deadlines were extended, as soon as they were negotiable – first until September 2018, then December 2018, then February 2019.  Singapore, Malaysia sign bilateral agreement on Johor Bahru-Singapore Rapid Transit System (RTS) «Given the current movement control injunction in Malaysia and Singaporean circuit breakers, bilateral discussions on the Johor Baru-Singapore Rapid Transit System Link project have also been compromised.