Malaysia and Singapore sign iconic high-speed rail MOU


PUTRAJAYA: Malaysia and Singapore have signed a Memorandum of Understanding on the Kuala Lumpur-Singapore High-Speed Rail (HSR) project, signifying both countries’ commitment towards this iconic project.

The MoU was signed by Minister in the Prime Minister’s Department Datuk Abdul Rahman Dahlan and Singapore’s Coordinating Minister for Infrastructure and Minister for Transport Khaw Boon Wan.

It was witnessed by Prime Minister Datuk Seri Najib Tun Razak and Singapore Prime Minister Lee Hsien Loong.

The HSR project, targeted for commercial operations in 2026, will have eight stations namely Bandar Malaysia, Putrajaya, Seremban, Ayer Keroh, Muar, Batu Pahat, Iskandar Puteri and Singapore.

The 350km rail would reduce travel time between the two countries to just 90 minutes, with speeds of over 300km per hour.

Both governments will call for open international tenders in August 2016 to appoint a joint development partner - Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

Next In Business News

Bintulu Port's net profit falls to RM93.3mil in FY20
MAHB records 4Q net loss of RM685.02mil
Guan Chong's FY20 net profit increases to RM223.19mil
SC launches capital market green financing series
FGV records highest positive financial performance in 5 yrs
RHB posts FY20 net profit of RM2.03bil, proposes div of 7.65 sen/share
Maxis posts RM319m net profit in 4Q, RM1.38b in FY20
Alliance Bank posts Q3 net profit of RM100.46mil
TNB 4Q net profit jumps 85% to RM1.2bil; pays 58 sen in dividends
Bursa tracks global equities sell-off as surging bond yields trigger panic

Stories You'll Enjoy


Vouchers