Trans-Borneo Railway proposal outlines Sarawak route and port links
The feasibility study recommends phased development of the cross-border network, while the federal government reviews funding and implementation arrangements.
Foreign and domestic investment, new plants, expansion plans and funding.
The feasibility study recommends phased development of the cross-border network, while the federal government reviews funding and implementation arrangements.
The assets could be valued at around US$6 billion (RM24.5 billion) to US$8 billion, while a listing remains under consideration.
The government is weighing a separate law against changes to existing legislation, with penalties still under study.
The 1.05-acre site on Cantonment Road includes a two-storey bungalow and is currently rented to preschool operator Tadika Sains Kreatif.
The acquisition uses internally generated funds, with charter revenue expected to contribute to earnings in FY2026 and later years.
The group said the vessel purchase supports fleet expansion and diversification beyond offshore support vessels.
Negotiations are nearly 80% complete, but palm oil and automotive issues remain under discussion, according to Johari Abdul Ghani.
The developer said incentives for green investment and Johor’s economic corridor support its plans to expand industrial development alongside its township business.
The budget allocates RM510 billion, with Amir Hamzah stressing governance and efficient expenditure to address leakage and wastage.
The group and a CapitaLand Investment-managed entity have submitted a joint expression of interest, with due diligence and exclusive negotiations under way.