Transport expert Wan Agyl Wan Hassan says Malaysia is at risk of losing its economic potential if HSR is cancelled.
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https://www.freemalaysiatoday.com/category/nation/2024/12/01/hsr-can-be-catalyst-for-economic-transformation-think-tank-says/
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Read More:
https://www.freemalaysiatoday.com/category/nation/2024/12/01/hsr-can-be-catalyst-for-economic-transformation-think-tank-says/
Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.
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NewsTranscript
00:00Malaysia will lose an opportunity to unlock its economic potential if the proposed Kuala
00:06Lumpur-Singapore high-speed rail project is scrapped, according to a transport think tank.
00:12MyMobility Vision Group founder Wan Agilwan Hassan said that beyond fair collections,
00:17the HSR could catalyse growth across sectors, attract investments and integrate economic
00:21zones.
00:23He cited the success of connectivity in projects like the Johor Bahru Special Economic Zone
00:28and the Tun Razak Exchange as examples.
00:31While economist Yekim Lang noted fiscal constraints and indicated the project would only proceed
00:36with private funding, Wan Agil argued that HSR projects globally, such as in China and
00:41France, have transformed economies.
00:44He said the HSR could add RM250 billion to GDP, create over 111,000 jobs by 2060 and
00:51boost regional connectivity.
00:54Wan Agil warned that delaying the project risks Malaysia losing its competitive edge
00:58as neighbours like Indonesia and Thailand advance their high-speed rail plans.