PM says signing of MoU for KL-Singapore high speed rail by July



LONDON: Prime Minister Datuk Seri Najib Tun Razak said a memorandum of understanding (MOU), to facilitate the High-Speed Rail (HSR) project, is expected to be signed in July by Malaysia and Singapore.

He said the project had aroused excitement worldwide as it would cut travelling time from Singapore to Kuala Lumpur to about 90 minutes.

"We expect to sign the MOU with Singapore in July. That's the target,", he said at Bursa Malaysia's private breakfast session with fund managers at  Marlborough House on Monday.

Najib was referring to the many infrastructure projects that were earmarked for implementation by the private sector, including the Pan-Borneo Highway, in a move to boost the economy.

Meanwhile, the proposed 350km HSR line will begin in Bandar Malaysia and end at Jurong East in Singapore, reducing the current rail journey of eight hours.

The prime minister had disclosed at the "Invest Malaysia Kuala Lumpur" conference, held in April, that the MoU was expected to be signed in the middle of this year.

It was reported that construction work on the HSR was scheduled to begin in 2017 and completed by 2022. - Bernama


The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Trump hikes US global tariff rate to 15%
The parcel overhang
Zero abandoned homes�by�2030?
Unmasking housing market pricing abuses
Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
AI disruption fears rock markets
Private equity hits a sixer

Others Also Read