Prasarana Malaysia Bhd and Singapore-based SMRT Corp Ltd have signed a memorandum of understanding (MOU) to set up a joint-venture company (JV) as the operating company (OpCo) for the Johor Bahru- Singapore Rapid Transit System Link (RTS Link) today.

In a joint statement today, Prasarana and SMRT Corp said, the JV, named, RTS Link OpCo, would design, build, finance, operate, maintain and renew the RTS Link's operating assets like trains, tracks and systems.