The Board of Directors of Damansara REIT Managers Sdn Berhad announced that AmanahRaya Trustees Berhad, as trustee for Al-Salam REIT ("ART"), had entered into a Memorandum of Understanding ("MOU") with Malaysia Rapid Transit System Sdn Bhd ("MRTS") for the development of the Pedestrian Overhead Bridge ("POB") to connect KOMTAR JBCC to the planned link bridge of Rapid Transit System (RTS) Link Bukit Chagar Station. The MOU shall be effective from the date of signing and will remain in effect for a period of one year or upon the execution of the development/construction/integration agreement or otherwise terminated in accordance with the provisions of the MOU, whichever is the earliest. The MOU may be extended for a further period as may be agreed in writing by the parties.

The POB will be constructed by Al-Salam REIT and JLand Group Sdn Bhd (?JLG?). The pedestrian flow is directed from the planned RTS Link bridge to KOMTAR JBCC and to connect to the next pedestrian overhead bridge leading to Coronation Square. The width of the POB is more than 4 meters up to 8 meters, taking into consideration the location and arrangement of kiosks and pushcarts.

The span of the POB is 42 meters which shall be supported by an independent structure to be erected by Al-Salam REIT and JLG. The operational hours of the POB are 24 hours a day, 7 days a week. The design and construction method of the POB will take into consideration the specifications, interior, façade and finishing that blends with the planned RTS Link bridge.

The MOU sets out the framework and areas of collaboration which are of mutual interest and benefit to the parties in relation to the proposed development of the POB. The POB is expected to facilitate pedestrian movement from the RTS Link Bukit Chagar Station to Johor Bahru city centre through KOMTAR JBCC. This will support Al-Salam REIT?s revitalization plan for KOMTAR JBCC.