Malaysia seeks proposals to revive high-speed rail project with Singapore
MALAYSIA on Tuesday (Jul 11) said it is seeking proposals from private companies to develop a high-speed railway (HSR) between its capital Kuala Lumpur and Singapore, reviving a multi-billion-dollar project that was called off more than two years ago.
Malaysia and Singapore had cancelled a plan to build a 350 km rail line connecting the two countries after they failed to agree on several proposed changes to the project.
At the time, the project was estimated to cost around US$17 billion. Companies from China, Japan, South Korea and Europe had expressed an interest in contracts to build, operate and finance the trains and rail assets.
In a statement on Tuesday, MyHSR Corp, a Malaysian government-owned entity responsible for the project, called for the private sector to submit proposals to develop and operate the Kuala Lumpur-Singapore HSR project via a public-private partnership model.
MyHSR invited local as well as international firms and consortia to submit proposals.
“(The process) marks the government’s initiative to reactivate the… project via new funding mechanisms and implementation models in efforts to further improve the rail transport infrastructure and to invigorate the national economy,” it said.
Singapore’s Ministry of Transport did not immediately respond to a request for comment.
Singapore indicated last year that the country is open to fresh proposals from Malaysia on the project, according to media.
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