Malaysia has agreed to go ahead with an MRT line between Johor Baru and Singapore, but wants to find ways to lower its cost, said new Transport Minister Anthony Loke.

The 4km Rapid Transit System (RTS) Link between Bukit Chagar and Woodlands North has been hailed for being able to boost the cross-border economy as well as ease travel and congestion.

Mr Loke said the new government will review the project, slated to be completed by 2024.

Since it won power on May 9, the new leadership has sought to reduce the RM1 trillion (S$336.4 billion) national debt accumulated by the former administration, but said the RTS deal was still on the table.

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