News Room - Business/Economics

Posted on 01 Sep 2015

KUB May Review Rail Project In Iskandar Soon, Says Masteel

KUB Malaysia Bhd is expected to review the rail transit network project at the Iskandar Development Region in Johor.

In a filing to Bursa Malaysia today, Malaysia Steel Works (KL) Bhd (Masteel) said KUB had announced the appointment of a new managing director on Aug 17.

On Jan 19, 2011, Masteel had entered into a joint venture agreement with KUB in Metropolitan Commuter Network Sdn Bhd (MCN) to combine their capabilities and resources to collaborate in MCN to pursue the rail transit network project.