HSR likely to be reality after over two decades, says JP Morgan

PETALING JAYA: The 350km Kuala Lumpur-Singapore high-speed rail (HSR) project is likely to be a reality after over two decades, given the commitment from both governments as well as viable public-private partnership (PPP) funding, said JP Morgan Research.

While skeptics point to Malaysian government fiscal stress as a deterrent for the project, the firm said it believed this could be overcomed as it would most likely be funded via PPP, and off the government balance sheet.