Malaysia to decide on Singapore high-speed rail link this year

Free Malaysia Today

Transport minister Loke Siew Fook says he hopes the decision on the project will be made by the end of the fourth quarter.   Read More: https://www.freemalaysiatoday.com/category/highlight/2024/07/18/malaysia-to-decide-on-singapore-high-speed-rail-link-this-year/  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #HighSpeedRailLine #Train #Malaysia #Singapore

Transcript

00:00Malaysia will decide in the coming months whether to proceed with a multi-billion dollar

00:05high-speed rail line between Kuala Lumpur and Singapore.

00:09Bloomberg reported that Prime Minister Anwar Ibrahim's government is weighing proposals

00:14from a narrowing list of private consortiums.

00:19Transport Minister Lok Siu Fok said in an interview on Wednesday that he hoped that

00:23the Cabinet will decide on the viability of the project by the end of the fourth quarter.

00:29The government has already shortlisted three out of seven consortiums that submitted proposals

00:34after issuing a request for information late last year, Lok said, declining to identify

00:39the companies involved.

00:41Lok said the government's policy is to have a strategic asset like the high-speed rail

00:46given to a group that is at least 51% owned by Malaysian firms.

00:51The rail line, which seeks to cut travel time between the two cities to 90 minutes from

00:55more than four hours by car, was estimated to cost as much as RM100 billion as a government-funded

01:02project.

01:05Lok said so far, the government is not ruling out assistance for the project, but he said

01:09Putrajaya is not keen on providing a guarantee, as that would add to the country's debt.

01:16Natasha Buzd, FMT News.

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