The Malaysian government has sought proposals from private firms to develop Kuala Lumpur - Singapore high-speed railway(HSR).
The plan to construct a 350 km rail line connecting Malaysia and Singapore has been cancelled due to the inability to agree on proposed project changes. MyHSR Corp, the responsible organization, faced challenges in finding common ground. The project's estimated cost was approximately US$17 billion, attracting interest from companies in China, Japan, South Korea, and Europe for contracts related to the construction, operation, and financing of the trains and rail assets.
The project encompasses designing, constructing, financing, and maintaining all rolling stock and rail assets, including trackwork, power, signalling, and telecommunications. The HSR line will have 8 stations, with terminals in Bandar, Malaysia, and Singapore. There will be 6 intermediate stations in Putrajaya, Seremban, Ayer Keroh, Muar, Batu Pahat, and Iskandar Puteri. The trains will operate at speeds exceeding 350km/h. The HSR project aimed to enhance connectivity and facilitate faster travel, reducing travel time between the 2 cities to approximately 90 minutes. The HSR project was expected to have significant economic benefits, promoting tourism, trade, and business opportunities.
Kuala Linggi International Port (KLIP) and China’s CCCC Dredging have signed an RM800 million (US$174 million) dredging and land reclamation contract to create a new island in the Strait of Mala...
Read morePSA International Pte Ltd (PSA) and Kazakhstan Railways (KTZ) have signed an agreement to establish a joint venture company, KPMC to promote the development of the Trans-Caspian Internationa...
Read moreThe Asian Development Bank (ADB) has signed a US$25 million equity investment in Exacta Asia Investment III LP, a private equity fund managed by the Singapore headquartered investm...
Read moreKeppel Capital has announced the launch of two funds with a combined goal of over US$5 billion. The asset manager is currently raising capital for the latest flagship Keppel Core Infrastructure Fund....
Read moreCitaglobal Bhd has announced it would lead the Citaglobal Reneuco ECRL Energy Solution Sdn Bhd consortium in the East Coast Railway (ECRL) Independent Power Producer (IPP) project. Citaglobal w...
Read more