Malaysia seeks to revive high-speed rail line Local and foreign firms invited to submit new proposals for KL-Singapore route

0

KUALA LUMPUR: Malaysia is seeking proposals from private companies to develop a high-speed railway between Kuala Lumpur and Singapore, reviving a multi-billion-dollar project called off more than
two years ago.

Malaysia and Singapore in 2021 cancelled a plan to build the 350-kilometre rail line after they failed to agree on several proposed changes to the project.

At the time the project was estimated to cost around $17 billion. Companies from China, Japan, South Korea and Europe had expressed an interest in contracts to build, operate and finance the trains and rail assets.

-->

In a statement on Tuesday, MyHSR Corp, the Malaysian government-owned entity responsible for the project, called for the private sector to submit proposals to develop and operate the project via a public-private partnership model.

Singapore’s transport ministry did not immediately respond to a request for comment.Singapore indicated last year that it was open to fresh proposals from Malaysia on the project.Source: Reuters

RELATED ARTICLESMORE FROM AUTHOR

LEAVE A REPLY

Please enter your comment!
Please enter your name here