LBS to collaborate with Ancom, Nylex, Sinar Bina and BTS for Johor LRT project

KUALA LUMPUR: LBS Bina Group Bhd has entered into a heads of agreement (HOA) with a few companies to collaborate in building and operating a light rail transport (LRT) system connected with the railway shuttle link currently being built from Singapore to Johor Bharu (RTS Link).

The property and construction group said the collaboration would include an integrated property development using the "transit-oriented development” (TOD) concept in Johor Bharu metropolitan region, according to a filing with Bursa Malaysia.