The projects which have been axed are the High Speed Rail (HSR) and the MRT 3.
PETALING JAYA: The Kuala Lumpur-Singapore High Speed Rail will likely not be profitable but may serve to turn the two cities into regional hubs that serve as a growth catalyst, says a Straits Times opinion piece written by a visiting academic at Nanyang Technological University.
Dr Tomoo Kikuchi, a visiting senior fellow at the S. Rajaratnam School of International Studies at the Singapore university, wrote that there was not much analysis on whether the S$24bil (RM72bil) project would make operational profit to recover the cost.
