Permodalan Kedah inks MOU with Korean firm for LRT in Langkawi

• RETD Korea CEO Lee Changwook said the initiative is more than just an infrastructure development, as it is also a commitment to sustainable progress, integrating state-of-the-art technology with a profound respect for the environment.

ALOR SETAR (April 30): Permodalan Kedah Bhd (PKB) has inked a memorandum of understanding (MOU) with Royal Eco Train Development, Republic of Korea (RETD Korea), for the Light Rail Transit (LRT) project in Langkawi.

PKB chief executive officer Mohd Azad Jasmi said the partnership marks the beginning of an exciting journey towards Kedah’s development, with a special focus on the enchanting island of Langkawi.

“By conducting a comprehensive feasibility study and subsequently presenting a detailed proposal for the Maglev train and the overall development of Greater Kedah, we aim to revolutionise transportation infrastructure and unlock the full potential of the region.

“Our collaboration with RETD Korea is not merely about signing documents, it represents a shared vision to transform Kedah into a beacon of progress and innovation," he said at the signing ceremony at Wisma Darul Aman here on Monday.

The project utilises the Maglev technology system and transit oriented developments, which would enhance connectivity within Kedah and stimulate economic growth, tourism, and job creation, aligning perfectly with the state’s commitment to sustainability and environmental conservation, he said.

Meanwhile, RETD Korea CEO Lee Changwook said the initiative is more than just an infrastructure development, as it is also a commitment to sustainable progress, integrating state-of-the-art technology with a profound respect for the environment.

"We stand united in our commitment to the transformative RETD Korea's Netstream Maglev train project, and the development of a township in Langkawi.

"The Netstream Maglev train is designed to harmonise with the breathtaking natural vistas of Langkawi, representing a leap towards modernity, powered by eco-friendly technology that minimises environmental impact, conserves energy, and maintains the pristine condition of the surroundings," he said.

Lee also highlighted RETD Korea’s aim to boost the local economy, invigorate the tourism sector, and provide substantial employment opportunities through the project.

“This project promises not only to enhance the quality of life for the residents, but also to set a global benchmark for sustainable development,” he added.

The MOU was signed by Mohd Azad and Lee, witnessed by Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor.

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