Jailani was speaking to reporters after witnessing the signing of memoranda of understanding for the development of a 22km-long "Maglev" transportation system (involving trains operating on an electromagnetic system) which will connect Melaka's tourist hotspots, as well as the development of the theme park.
He said the investment value for the Maglev line was estimated at US$200 million (about RM900 million).
The MoUs involved several companies, namely Taming Sari Bhd, the banking institutions of Exim Credit Dubai Zurich Capital Bank and Sparco Bank UK, and the Korea Camping Caravanning Federation A Divisional Corporation (KCCF).--BERNAMA
