HSR Will Be Back in the Future, Just Not Happening Now
PropertyGuru, Photo Credit to New Straits Times
clock 20-06-2018
hit 188

Prime Minister Tun Dr Mahathir Mohamad has clarified that the Singapore-Kuala Lumpur High Speed Rail (HSR) was not really scrapped, but was instead delayed due to funding woes, reported The Edge.


"There will be a need for a HSR in the future, probably right through the peninsula. But we cannot afford it at this moment. So, we actually postponed the implementation of the project" he told the Nikkei Asian Review during his recent trip to Japan.

"High-speed trains are most effective where the distance is very long. But where the distance is short, it doesn't contribute much. So we need to rethink HSR. We cannot say we will never have HSR in Malaysia.”

In late-May, he said that the Malaysian government had made a "final decision” to axe the 350km railway project, which he estimates to cost RM110 billion, due to a huge federal debt of over RM1 trillion exacerbated by the 1MDB corruption scandal.

According to Transport Minister Anthony Loke, the HSR's postponement will be discussed further in a meeting with Singapore officials.

"We are still going to discuss it with Singapore. Three ministers – Finance, Economic Affairs and Transport – will go to Singapore to discuss on this" he added.




WHAT DO YOU FEEL ABOUT THIS?

0
LOVE
0
HAPPY
0
SURPRISED
0
SAD
0
ANGRY


COMMENTS
Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment.

SIGN UP NEWSLETTER

logo
Monthly Column
The staple of your property-related materials. It's all about being ahead of the game and with The Column, you get carefully selected information that will keep you informed and running with the pack. The best news, articles and properties on the market from the Property Hunter portal, conveniently wrapped and ready, just for you.

logo
Weekly Window
Your weekly dose of what's hot and what's not in property. The window is your view into the realm of real estate in Malaysia, curated from our portal based on the most popular pieces over the week. For those who just can't get enough, this is for you. Ain't nobody got time for dailies anymore, weekly is the new daily.