Each government will also appoint an infrastructure company to fund, build, own, maintain and upgrade the civil infrastructure and stations in their own countries.
When asked, Mr Khaw reiterated that fares will not be regulated but driven by market forces.
During the meeting, officials also discussed the high-speed rail line, immigration, industrial cooperation and the environment.
An agreement on the cross- border MRT line is expected to be signed by the end of this year.
The Rapid Transit System (RTS) Link can carry up to 10,000 passengers an hour in each direction between Johor's Bukit Chagar terminus station and the Singapore terminus in Woodlands North, where it will join the upcoming Thomson- East Coast Line (TEL).
The new starting date for the line was announced in a joint statement yesterday after the 13th meeting of the Malaysia-Singapore Joint Ministerial Committee for Iskandar Malaysia, co-chaired by Malaysia's Minister in the Prime Minister's Department Abdul Rahman Dahlan and Coordinating Minister for Infrastructure Khaw Boon Wan, who is also Transport Minister.
Customers are required to get health and travel insurance.The RTS Link was announced in May 2010, with the target completion date set for 2018.In 2015, Malaysia chose Bukit Chagar as the main terminal station for the 4km line, which will use the same rail systems and rolling stock as the 31-station TEL. Trains will ply between both terminus stations via a 25m-high bridge across the Strait of Johor.Malaysia's Minister in the Prime Minister's Department Abdul Rahman Dahlan with Coordinating Minister for Infrastructure Khaw Boon Wan, who is also Transport Minister, enjoying durian during a tea break at Afiniti Medini, after a site visit to the mixed-use development.Passengers will be able to hop on an MRT train in Woodlands to cross the border to Johor Baru by Dec 31, 2024."It will be more convenient and seamless than going via the Woodlands train checkpoint." A version of this article appeared in the print edition of The Straits Times on August 01, 2017, with the headline 'Singapore to Johor Baru MRT service to start by end-2024'.