Masteel still in talks for Iskandar commuter rail project

PETALING JAYA: Malaysia Steel Works (KL) Bhd is still in discussions with all relevant authorities on the Iskandar commuter rail project, the group said in a filing with Bursa Malaysia yesterday.
In refuting a report in a local English daily yesterday, the group said it has not received any notification or information from any government ministries or agencies indicating that the Iskandar commuter rail project, a joint venture between Masteel and KUB Malaysia Bhd undertaken through Metropolitan Commuter Network Sdn Bhd (MCN), will not take-off or will be scrapped or otherwise cancelled.
This is not the first time such a report has surfaced on the RM1.23 billion project which was first announced in 2011.
The last significant update on the project was in March 28, 2013, when a meeting was held and chaired by the Director General & Deputy Director General of Unit Kerjasama Awam Swasta (Ukas) to discuss the progress and status of the project.
No further developments have been announced since then.