I’m not quite sure what to make of these reports. But notice the reference to Penang.
theSun today cites a Nanyang Siang Pau report which state that MRails had also received a “letter of authorisation” from Tangshan Railway Vehicle Company for a proposed magnetic levitation (maglev) train connection between George Town and Butterworth on a joint-venture basis. (Transport Minister Ong Tee Keat has reportedly brushed off such maglev systems as “mission impossible” as Malaysia doesn’t have large enough population catchment areas.)
“Letter of intent”… “letter of authorisation”… “no obligation letter”…
The real test is capability, experience and credentials.
Meanwhile, in an unrelated development, the Las Vegas Monorail Company is reportedly considering filing for “Chapter 11 bankruptcy”.