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I love it when Loong and gang gets shafted! Too bad we footing the bill though.
Chitchat It's Official! Jiuhu Has Terminated HSR Project! Need To Pay PAP Compensation!
- Thread starter JohnTan
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This article is mocking us?
https://www.todayonline.com/singapo...-could-herald-reimagination-jurong-second-cbd
https://www.todayonline.com/singapo...-could-herald-reimagination-jurong-second-cbd
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The dishonest jiuhukias owe PAP S$250 million!!!
SINGAPORE - Out of 80 staff affected by the termination of the Kuala Lumpur-Singapore High Speed Rail (HSR) project, the majority will remain in roles at the Land Transport Authority (LTA) where they were deployed when the project was first suspended in 2018.
The 80 employees worked for SG HSR, an infrastructure company under LTA which will assist the rest of the officers in transitioning to other suitable roles within either the authority or the wider public service, said LTA on Friday (Jan 1).
It also confirmed that no new tenders have been called since the suspension of the project in September 2018.
In July 2018, then-Transport Minister Khaw Boon Wan told Parliament that SG HSR had formed a team of more than 100 specialists to build, own, fund and maintain the HSR civil infrastructure in Singapore. It had called five tenders to construct civil infrastructure within Singapore.
A few months later in September, a two-year delay was agreed on. SG HSR then said that its staff of over 100 would be offered alternative jobs in LTA, with the company's work to be scaled down until the project resumed.
Under the terms of the deferment in 2018, both sides called off the ongoing international joint tender for a company to oversee rolling stock and rail assets for the HSR.
In agreeing to the suspension, Singapore also incurred more costs in compensation to contractors for breaking contracts, Mr Khaw told Parliament.
Malaysia had agreed to reimburse Singapore $15 million for these abortive costs.
In May 2018, Mr Khaw noted that Singapore had already racked up an estimated bill of more than S$250 million for work on the project, and would continue to incur costs of more than $6 million in June, more than $6 million in July, and at least $40 million from August to the end of 2018.
https://www.straitstimes.com/singap...tion-but-most-will-remain-in-roles-at-the-lta
SINGAPORE - Out of 80 staff affected by the termination of the Kuala Lumpur-Singapore High Speed Rail (HSR) project, the majority will remain in roles at the Land Transport Authority (LTA) where they were deployed when the project was first suspended in 2018.
The 80 employees worked for SG HSR, an infrastructure company under LTA which will assist the rest of the officers in transitioning to other suitable roles within either the authority or the wider public service, said LTA on Friday (Jan 1).
It also confirmed that no new tenders have been called since the suspension of the project in September 2018.
In July 2018, then-Transport Minister Khaw Boon Wan told Parliament that SG HSR had formed a team of more than 100 specialists to build, own, fund and maintain the HSR civil infrastructure in Singapore. It had called five tenders to construct civil infrastructure within Singapore.
A few months later in September, a two-year delay was agreed on. SG HSR then said that its staff of over 100 would be offered alternative jobs in LTA, with the company's work to be scaled down until the project resumed.
Under the terms of the deferment in 2018, both sides called off the ongoing international joint tender for a company to oversee rolling stock and rail assets for the HSR.
In agreeing to the suspension, Singapore also incurred more costs in compensation to contractors for breaking contracts, Mr Khaw told Parliament.
Malaysia had agreed to reimburse Singapore $15 million for these abortive costs.
In May 2018, Mr Khaw noted that Singapore had already racked up an estimated bill of more than S$250 million for work on the project, and would continue to incur costs of more than $6 million in June, more than $6 million in July, and at least $40 million from August to the end of 2018.
https://www.straitstimes.com/singap...tion-but-most-will-remain-in-roles-at-the-lta
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Nothing stopping PAP from continuing on its own wrt HSR as I heard they will guarantee the loan. It's just that PAP knew it will not be profitable and dump project to malaysians.
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On the flip side, does this mean it will be a good time to buy in Jurong East?
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Just announced that compensation is not confirmed.
https://themalaysianreserve.com/2021/01/04/compensation-for-hsr-not-finalised-mustapa/
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Previously, a government source had told FMT that Malaysia would have to pay Singapore some RM320 million in compensation, although former prime minister Najib Razak said this could rise to RM1 billion, given how much Singapore had spent on the project.
https://www.freemalaysiatoday.com/category/nation/2021/01/04/tell-us-how-much-hsr-cost-us/
https://www.freemalaysiatoday.com/category/nation/2021/01/04/tell-us-how-much-hsr-cost-us/
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Not yet. Wait till PAP announce new plans. They may decide to build the entire HSR themselves. Keretapi Singapura.
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Let the bargaining begins: Singapore claims more than SGD270m losses from cancelled project.
https://sg.news.yahoo.com/singapore-270-million-high-speed-rail-project-ong-ye-kung-080116010.html
https://sg.news.yahoo.com/singapore-270-million-high-speed-rail-project-ong-ye-kung-080116010.html
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In July 2018, then-Transport Minister Khaw Boon Wan told Parliament that SG HSR had formed a team of more than 100 specialists to build, own, fund and maintain the HSR civil infrastructure in Singapore. It had called five tenders to construct civil infrastructure within Singapore.
Maybe the Mudlanders got scammed by PAP who knew that such long term projects
unlikely to take off. Even a simple Causeway bridge cannot be completed without it
being turned into a crooked bridge. So, announce big plans, take over whatever necessary
in the name of HSR. Najib fell into the sea, hook, line and sinker.
Maybe the Mudlanders got scammed by PAP who knew that such long term projects
unlikely to take off. Even a simple Causeway bridge cannot be completed without it
being turned into a crooked bridge. So, announce big plans, take over whatever necessary
in the name of HSR. Najib fell into the sea, hook, line and sinker.
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PAP has a long list of scamming victories against umno or their brethrens.
One of the weird one was the warning about building the crooked bridge which PAP says will be against agreement set by two countres and needed their consent to build it.
Last edited:
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good job
keep stinkypura isolated
it will shrivel die and get more and more and more ceca-fied
just what it deserves
malaysia can connect to sumatra through road + HSR bridge, from sumatra to java through another bridge, from java to other islands to finally borneo etc
and also malaya can connect to thai HSR, all the way thru tiongkok to nippon or vladivostok
all the way to istanbul and beyond on the west as well
just keep stinkypura out of the loop
it will get punished for all its crimes
of its kuffar chink+ah neh dan lain-lain public, and the crimes of its pap-pigs govt
keep stinkypura isolated
it will shrivel die and get more and more and more ceca-fied
just what it deserves
malaysia can connect to sumatra through road + HSR bridge, from sumatra to java through another bridge, from java to other islands to finally borneo etc
and also malaya can connect to thai HSR, all the way thru tiongkok to nippon or vladivostok
all the way to istanbul and beyond on the west as well
just keep stinkypura out of the loop
it will get punished for all its crimes
of its kuffar chink+ah neh dan lain-lain public, and the crimes of its pap-pigs govt
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I always wondered why the tg pagar station was not linked to mrt. Now we know. PAP wants it shut.
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Assets company removal 'main concern' that led to HSR termination, project has cost Singapore more than S$270 million: Ong Ye Kung
HSR blueprint Malaysia station
An artist's impression of a KL-Singapore High Speed Rail (HSR) station. (Photo: MyHSR)
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SINGAPORE: The "main concern" that led to the termination of the Kuala Lumpur-Singapore High-Speed Rail (HSR) project was Malaysia's suggestion that the assets company that was to manage the project be removed, said Minister for Transport Ong Ye Kung on Monday (Jan 4).
Speaking in the first Parliament session of the year, Mr Ong also revealed that Singapore had incurred more than S$270 million in costs for the project, which was first announced in 2013.
The revelations come after the prime ministers of both Malaysia and Singapore issued a joint statement on Jan 1 to say that the HSR would be discontinued after an agreement on the project lapsed on Dec 31.
The statement noted that the Malaysian government had proposed "several changes" to the project in light of the impact of the COVID-19 pandemic on the country's economy.
Both governments had conducted several discussions on these changes and had not been able to reach an agreement, said Mr Lee Hsien Loong and Mr Muhyiddin Yassin.
A joint tender for an assets company for the HSR project was called by Malaysia's MyHSR and Singapore's SG HSR in December 2017.
The assets company would have been necessary to ensure the interests of both countries were protected and minimise the possibility of future disputes over the HSR, Mr Ong told Parliament.
He noted that neither Malaysia nor Singapore had experience in running a high-speed rail line and so it had been agreed that a "best-in-class industry player" would be appointed to act as an assets company through an "open and transparent international tender".
This company would have supplied the train system as well as operated the network, and would have been accountable to both countries.
WATCH: Other projects could still bring benefits despite termination of KL-Singapore HSR, say experts | Video
The removal of the assets company represented a "fundamental departure" from the bilateral agreement and could not be accepted, said Mr Ong.
Malaysia then decided to allow the agreement to be terminated, he added.
He noted that while Malaysia is obligated to compensate Singapore for the termination of the project, the exact terms of the compensation cannot be revealed due to confidentiality agreements under the bilateral agreement.
The amount will include various abortive costs - such as for consultancy services, design of infrastructure, and manpower - but not land acquisition costs as the value of the land can be recovered, he said.
Singapore is also verifying a "small component of miscellaneous abortive costs" for the project's suspension requested by Malaysia, he added.
"Now that the HSR (bilateral agreement) has been terminated, Singapore is willing to discuss any new proposal on the KL-Singapore HSR from Malaysia in good faith, but starting from a clean slate," said Mr Ong.
IMPACT TO AVIATION HUB
Mr Ong was speaking in response to Sengkang GRC Member of Parliament Louis Chua, who had asked regarding the total expenditure incurred to date by Singapore on the HSR project as well as the terms specified in the bilateral agreement in relation to compensation upon termination of the agreement by either party.
Mr Ong also addressed Radin Mas MP Melvin Yong, noting that some media reports had suggested a proposal to connect the HSR to the Kuala Lumpur International Airport was a point of contention due to the possible impact to Singapore's aviation hub status.
Mr Ong said, however, that the main concern there would be technical issues as the HSR would have had to share tracks with the Express Rail Link, an existing rail system that runs at half the HSR's expected speed.
HSR blueprint Malaysia station
An artist's impression of a KL-Singapore High Speed Rail (HSR) station. (Photo: MyHSR)
Bookmark
SINGAPORE: The "main concern" that led to the termination of the Kuala Lumpur-Singapore High-Speed Rail (HSR) project was Malaysia's suggestion that the assets company that was to manage the project be removed, said Minister for Transport Ong Ye Kung on Monday (Jan 4).
Speaking in the first Parliament session of the year, Mr Ong also revealed that Singapore had incurred more than S$270 million in costs for the project, which was first announced in 2013.
The revelations come after the prime ministers of both Malaysia and Singapore issued a joint statement on Jan 1 to say that the HSR would be discontinued after an agreement on the project lapsed on Dec 31.
The statement noted that the Malaysian government had proposed "several changes" to the project in light of the impact of the COVID-19 pandemic on the country's economy.
Both governments had conducted several discussions on these changes and had not been able to reach an agreement, said Mr Lee Hsien Loong and Mr Muhyiddin Yassin.
A joint tender for an assets company for the HSR project was called by Malaysia's MyHSR and Singapore's SG HSR in December 2017.
The assets company would have been necessary to ensure the interests of both countries were protected and minimise the possibility of future disputes over the HSR, Mr Ong told Parliament.
He noted that neither Malaysia nor Singapore had experience in running a high-speed rail line and so it had been agreed that a "best-in-class industry player" would be appointed to act as an assets company through an "open and transparent international tender".
This company would have supplied the train system as well as operated the network, and would have been accountable to both countries.
WATCH: Other projects could still bring benefits despite termination of KL-Singapore HSR, say experts | Video
The removal of the assets company represented a "fundamental departure" from the bilateral agreement and could not be accepted, said Mr Ong.
Malaysia then decided to allow the agreement to be terminated, he added.
He noted that while Malaysia is obligated to compensate Singapore for the termination of the project, the exact terms of the compensation cannot be revealed due to confidentiality agreements under the bilateral agreement.
The amount will include various abortive costs - such as for consultancy services, design of infrastructure, and manpower - but not land acquisition costs as the value of the land can be recovered, he said.
Singapore is also verifying a "small component of miscellaneous abortive costs" for the project's suspension requested by Malaysia, he added.
"Now that the HSR (bilateral agreement) has been terminated, Singapore is willing to discuss any new proposal on the KL-Singapore HSR from Malaysia in good faith, but starting from a clean slate," said Mr Ong.
IMPACT TO AVIATION HUB
Mr Ong was speaking in response to Sengkang GRC Member of Parliament Louis Chua, who had asked regarding the total expenditure incurred to date by Singapore on the HSR project as well as the terms specified in the bilateral agreement in relation to compensation upon termination of the agreement by either party.
Mr Ong also addressed Radin Mas MP Melvin Yong, noting that some media reports had suggested a proposal to connect the HSR to the Kuala Lumpur International Airport was a point of contention due to the possible impact to Singapore's aviation hub status.
Mr Ong said, however, that the main concern there would be technical issues as the HSR would have had to share tracks with the Express Rail Link, an existing rail system that runs at half the HSR's expected speed.
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Najib: Perikatan wanted to dole out HSR jobs directly, cut Singapore out of selection process | Malay Mail
Datuk Seri Najib Razak also said the Singapore government terminated the project because it did not agree with two of the PN governments’ requests, and not because of Covid-19. — Picture by Yusof Mat Isa
Datuk Seri Najib Razak also said the Singapore government terminated the project because it did not agree with two of the PN governments’ requests, and not because of Covid-19. — Picture by Yusof Mat Isa
KUALA LUMPUR, Jan 4 — The Perikatan Nasional (PN) government wanted the ability to directly select vendors for the Kuala Lumpur-Singapore High Speed Rail (HSR) project without the involvement of Singapore, former prime minister Datuk Seri Najib Razak alleged today.
He claimed in a Facebook page that this was a departure from his initial vision for both countries to be responsible for the construction of the railway in order to prevent possible abuse or irregularity.
In a Facebook post, Najib cited Singapore Transport Minister Ong Ye Kung’s remarks that had proposed to remove an assets company that the two countries previously agreed on, adding that the Singaporeans were not happy with this move.
“They (PN) want to choose the contractor and vendors for the HSR train through direct negotiation without Singapore interfering with it.
“The Singapore government was not happy with the request to have the HSR train end at KLIA (Kuala Lumpur International Airport). Once they alight there, they will have to switch to the ERL train owned by YTL (Corporation) which is half the speed of the HSR to get to the city.
“I find this decision odd. Visitors from Singapore would want to get to the city as fast as possible and not go to KLIA and then have the change into a slower train to get to Kuala Lumpur. If they wanted to go to the airport to board a plane they would do so at their own airport,” Najib posted on Facebook today.
“Why would they want to ride an HSR train to KLIA,” he asked.
Najib also said the Singapore government terminated the project because it did not agree with two of the PN governments’ requests, and not because of Covid-19.
This meant Malaysia must now pay as much as RM1 billion in compensation to Singapore, he said.
“Following that, the PN government has now extended the ERL train to Johor Baru calling it the HSR KL-Johor Baru at medium speed at the same cost as the cancelled HSR KL-Singapore project.
“The company operating this train line, ERL, is set to lose a lot of money due to the loss of revenue from Singapore but the PN government has also agreed to pay them compensation every year.
Earlier, Minister in the Prime Minister’s Department Datuk Seri Mustapa Mohamed said the HSR project was cancelled due to the effects of the Covid-19 pandemic on the country’s economy.
He said the situation has forced the government to re-evaluate the HSR project.
Last Friday, Malaysia and Singapore both issued separate statements to announce the automatic termination of the HSR Bilateral Agreement.
Singapore’s Ministry of Transport said Putrajaya had allowed the HSR bilateral agreement to be terminated and has agreed to compensate the island republic for costs already incurred in fulfilling its obligations under the agreement.
Malaysia, on the other hand, said it would honour its obligations under the HSR Bilateral Agreement with Singapore and pay compensation.
Datuk Seri Najib Razak also said the Singapore government terminated the project because it did not agree with two of the PN governments’ requests, and not because of Covid-19. — Picture by Yusof Mat Isa
Datuk Seri Najib Razak also said the Singapore government terminated the project because it did not agree with two of the PN governments’ requests, and not because of Covid-19. — Picture by Yusof Mat Isa
KUALA LUMPUR, Jan 4 — The Perikatan Nasional (PN) government wanted the ability to directly select vendors for the Kuala Lumpur-Singapore High Speed Rail (HSR) project without the involvement of Singapore, former prime minister Datuk Seri Najib Razak alleged today.
He claimed in a Facebook page that this was a departure from his initial vision for both countries to be responsible for the construction of the railway in order to prevent possible abuse or irregularity.
In a Facebook post, Najib cited Singapore Transport Minister Ong Ye Kung’s remarks that had proposed to remove an assets company that the two countries previously agreed on, adding that the Singaporeans were not happy with this move.
“They (PN) want to choose the contractor and vendors for the HSR train through direct negotiation without Singapore interfering with it.
“The Singapore government was not happy with the request to have the HSR train end at KLIA (Kuala Lumpur International Airport). Once they alight there, they will have to switch to the ERL train owned by YTL (Corporation) which is half the speed of the HSR to get to the city.
“I find this decision odd. Visitors from Singapore would want to get to the city as fast as possible and not go to KLIA and then have the change into a slower train to get to Kuala Lumpur. If they wanted to go to the airport to board a plane they would do so at their own airport,” Najib posted on Facebook today.
“Why would they want to ride an HSR train to KLIA,” he asked.
Najib also said the Singapore government terminated the project because it did not agree with two of the PN governments’ requests, and not because of Covid-19.
This meant Malaysia must now pay as much as RM1 billion in compensation to Singapore, he said.
“Following that, the PN government has now extended the ERL train to Johor Baru calling it the HSR KL-Johor Baru at medium speed at the same cost as the cancelled HSR KL-Singapore project.
“The company operating this train line, ERL, is set to lose a lot of money due to the loss of revenue from Singapore but the PN government has also agreed to pay them compensation every year.
Earlier, Minister in the Prime Minister’s Department Datuk Seri Mustapa Mohamed said the HSR project was cancelled due to the effects of the Covid-19 pandemic on the country’s economy.
He said the situation has forced the government to re-evaluate the HSR project.
Last Friday, Malaysia and Singapore both issued separate statements to announce the automatic termination of the HSR Bilateral Agreement.
Singapore’s Ministry of Transport said Putrajaya had allowed the HSR bilateral agreement to be terminated and has agreed to compensate the island republic for costs already incurred in fulfilling its obligations under the agreement.
Malaysia, on the other hand, said it would honour its obligations under the HSR Bilateral Agreement with Singapore and pay compensation.
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Compensation amount for terminating HSR project cannot be disclosed due to confidentiality clause: Malaysian minister
Mustapa Mohamed
Minister in the Prime Minister's Department (Economy) Mustapa Mohamed. (File photo: Bernama)
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SINGAPORE: The compensation to be paid by Malaysia to Singapore after the Kuala Lumpur-Singapore High-Speed Rail (HSR) project was terminated cannot be disclosed publicly because there is a confidentiality clause in the agreement between the two countries, said Malaysia's Minister in the Prime Minister’s Department (Economy) Mustapa Mohamed.
The project was terminated last Friday after the HSR agreement lapsed on Dec 31, 2020.
In a Facebook post on Monday (Jan 4), Mr Mustapa said that the compensation is "not punitive in nature" and is an amount Malaysia will reimburse for specific costs of the project that Singapore has already spent money on.
"We are waiting for the cost details from Singapore, and once received, it will be scrutinised before we confirm them. The types of claims made have already been agreed upon," said Mr Mustapa.
"However, the amount of compensation cannot be disclosed because under the Bilateral Agreement, both countries are bounded by a confidentiality clause. Yet, my team and I will discuss with Singapore to share information on the amount of compensation after it is finalised. Therefore, any figures on compensation mentioned by any party are merely speculation," he added.
Parliament Jan 4 2021 - Ong Ye Kung
Mr Ong Ye Kung speaking in Parliament on Jan 4, 2021.
Speaking in Parliament on Monday, Singapore's Transport Minister Ong Ye Kung also said: "The compensation amount for the termination and schedule for payment are specified in our Agreements."
"In addition, there is a small component of miscellaneous abortive costs for the suspension of the project requested by Malaysia that Singapore is currently verifying, before we send to Malaysia. Due to Singapore’s confidentiality obligations under the HSR Bilateral Agreement, we are unable to reveal the exact terms in relation to the compensation for the termination of the HSR Project," he added.
Mr Ong said that the expenditure for the project so far is slightly more than S$270 million.
The proposed HSR line had aimed to reduce travel time between Singapore and Kuala Lumpur to around 90 minutes by train, from the current 11 hours on existing train services.
In September 2018, both sides agreed to postpone the construction of the HSR until end-May last year. Malaysia had to pay Singapore S$15 million for costs incurred in suspending the project.
Malaysia later requested a further seven-month extension to allow both sides to discuss and assess Malaysia’s proposed changes to the project.
Mr Khaw Boon Wan, who was then Singapore’s Transport Minister, agreed to the "final extension of the suspension period" until Dec 31.
After the termination of the project was announced on Jan 1, Mr Mustapa said Malaysia will honour its obligations under the Bilateral Agreement and that both countries would initiate the necessary to determine the amount of compensation.
COVID-19 FORCED MALAYSIA TO RE-EVALUATE HSR: MUSTAPA
In his Facebook post on Monday, Mr Mustapa explained that the Malaysia government was keen on the HSR project, but the COVID-19 pandemic has forced it to re-evaluate the situation.
He noted that similar rail projects in Japan and Taiwan have proven to be catalysts for economic development and the project would have reduced carbon emissions due to the reduction in air travel between Kuala Lumpur and Singapore.
"However, the COVID-19 pandemic has changed everything," said Mr Mustapa.
"This pandemic has posed a huge challenge to the health and economic sectors like we have never encountered. No one could have anticipate this pandemic and its devastating impact on the Malaysian economy and around the world. This situation has forced the government to re-evaluate the HSR project," he added.
Commenting on earlier speculation that the HSR project will be replaced with a high-speed rail between Kuala Lumpur and Johor Bahru, Mr Mustapa said the Malaysian government will conduct a "detailed study" to determine the next move.
"Currently, any talk on the KL-JB high-speed rail project is merely speculation," he added.
Source: CNA/am
Mustapa Mohamed
Minister in the Prime Minister's Department (Economy) Mustapa Mohamed. (File photo: Bernama)
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SINGAPORE: The compensation to be paid by Malaysia to Singapore after the Kuala Lumpur-Singapore High-Speed Rail (HSR) project was terminated cannot be disclosed publicly because there is a confidentiality clause in the agreement between the two countries, said Malaysia's Minister in the Prime Minister’s Department (Economy) Mustapa Mohamed.
The project was terminated last Friday after the HSR agreement lapsed on Dec 31, 2020.
In a Facebook post on Monday (Jan 4), Mr Mustapa said that the compensation is "not punitive in nature" and is an amount Malaysia will reimburse for specific costs of the project that Singapore has already spent money on.
"We are waiting for the cost details from Singapore, and once received, it will be scrutinised before we confirm them. The types of claims made have already been agreed upon," said Mr Mustapa.
"However, the amount of compensation cannot be disclosed because under the Bilateral Agreement, both countries are bounded by a confidentiality clause. Yet, my team and I will discuss with Singapore to share information on the amount of compensation after it is finalised. Therefore, any figures on compensation mentioned by any party are merely speculation," he added.
Parliament Jan 4 2021 - Ong Ye Kung
Mr Ong Ye Kung speaking in Parliament on Jan 4, 2021.
Speaking in Parliament on Monday, Singapore's Transport Minister Ong Ye Kung also said: "The compensation amount for the termination and schedule for payment are specified in our Agreements."
"In addition, there is a small component of miscellaneous abortive costs for the suspension of the project requested by Malaysia that Singapore is currently verifying, before we send to Malaysia. Due to Singapore’s confidentiality obligations under the HSR Bilateral Agreement, we are unable to reveal the exact terms in relation to the compensation for the termination of the HSR Project," he added.
Mr Ong said that the expenditure for the project so far is slightly more than S$270 million.
The proposed HSR line had aimed to reduce travel time between Singapore and Kuala Lumpur to around 90 minutes by train, from the current 11 hours on existing train services.
In September 2018, both sides agreed to postpone the construction of the HSR until end-May last year. Malaysia had to pay Singapore S$15 million for costs incurred in suspending the project.
Malaysia later requested a further seven-month extension to allow both sides to discuss and assess Malaysia’s proposed changes to the project.
Mr Khaw Boon Wan, who was then Singapore’s Transport Minister, agreed to the "final extension of the suspension period" until Dec 31.
After the termination of the project was announced on Jan 1, Mr Mustapa said Malaysia will honour its obligations under the Bilateral Agreement and that both countries would initiate the necessary to determine the amount of compensation.
COVID-19 FORCED MALAYSIA TO RE-EVALUATE HSR: MUSTAPA
In his Facebook post on Monday, Mr Mustapa explained that the Malaysia government was keen on the HSR project, but the COVID-19 pandemic has forced it to re-evaluate the situation.
He noted that similar rail projects in Japan and Taiwan have proven to be catalysts for economic development and the project would have reduced carbon emissions due to the reduction in air travel between Kuala Lumpur and Singapore.
"However, the COVID-19 pandemic has changed everything," said Mr Mustapa.
"This pandemic has posed a huge challenge to the health and economic sectors like we have never encountered. No one could have anticipate this pandemic and its devastating impact on the Malaysian economy and around the world. This situation has forced the government to re-evaluate the HSR project," he added.
Commenting on earlier speculation that the HSR project will be replaced with a high-speed rail between Kuala Lumpur and Johor Bahru, Mr Mustapa said the Malaysian government will conduct a "detailed study" to determine the next move.
"Currently, any talk on the KL-JB high-speed rail project is merely speculation," he added.
Source: CNA/am
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Najib: Malaysia to lose billions in revenue following termination of HSR contract | Malay Mail
Datuk Seri Najib Razak warned that Singapore’s exclusion from a high-speed rail line will make the project unsustainable. — Picture by Firdaus Latif
Datuk Seri Najib Razak warned that Singapore’s exclusion from a high-speed rail line will make the project unsustainable. — Picture by Firdaus Latif
KUALA LUMPUR, Jan 1 — Datuk Seri Najib Razak said Malaysia is set to lose billions of ringgit by terminating the Kuala Lumpur-Singapore High-Speed Rail (HSR) project.
The former prime minister warned that Singapore’s exclusion from a high-speed rail line will make the project unsustainable.
In a Facebook posting today, Najib said building the HSR was justified as the benefits from an increase in tourists from Singapore would bring billions in revenue as well as create jobs for the people that will last for a long time.
“The cost for the HSR KL-Singapore originally was RM60 billion. We must also realise that in the first half of 2019 tourists from Singapore spent RM11.56 billion in Malaysia or an estimated RM25 billion a year.
“If the HSR project can increase tourism from Singapore by 50 per cent, the total amount that Singaporeans tourists will end up spending in Malaysia will increase to RM12.5 billion a year,” he said.
“In 10 years that’s RM125 billion. If it’s 50 years RM625 billion would have come into Malaysia. Hence by replacing the HSR KL-Singapore project to HSR KL-Johor Baru — which costs the same — the country will lose trillions and trillions of ringgit 20 years down the road.”
Malaysia has allowed the HSR contract to expire yesterday. As such, the Singaporean government has asked Malaysia for compensation without specifying the amount.
The initial plan for the KL-Singapore HSR project was to have a game-changing 90-minute rail trip, with the railway having eight stations ― seven in Malaysia and one in Singapore. The seven stations in Malaysia are currently stated as Bandar Malaysia, Sepang-Putrajaya, Seremban, Melaka, Muar, Batu Pahat and Iskandar Puteri, while the Singapore station was stated as Jurong East.
It is however currently unclear what the final route will be now following the termination of the agreement between Malaysia and Singapore.
Datuk Seri Najib Razak warned that Singapore’s exclusion from a high-speed rail line will make the project unsustainable. — Picture by Firdaus Latif
Datuk Seri Najib Razak warned that Singapore’s exclusion from a high-speed rail line will make the project unsustainable. — Picture by Firdaus Latif
KUALA LUMPUR, Jan 1 — Datuk Seri Najib Razak said Malaysia is set to lose billions of ringgit by terminating the Kuala Lumpur-Singapore High-Speed Rail (HSR) project.
The former prime minister warned that Singapore’s exclusion from a high-speed rail line will make the project unsustainable.
In a Facebook posting today, Najib said building the HSR was justified as the benefits from an increase in tourists from Singapore would bring billions in revenue as well as create jobs for the people that will last for a long time.
“The cost for the HSR KL-Singapore originally was RM60 billion. We must also realise that in the first half of 2019 tourists from Singapore spent RM11.56 billion in Malaysia or an estimated RM25 billion a year.
“If the HSR project can increase tourism from Singapore by 50 per cent, the total amount that Singaporeans tourists will end up spending in Malaysia will increase to RM12.5 billion a year,” he said.
“In 10 years that’s RM125 billion. If it’s 50 years RM625 billion would have come into Malaysia. Hence by replacing the HSR KL-Singapore project to HSR KL-Johor Baru — which costs the same — the country will lose trillions and trillions of ringgit 20 years down the road.”
Malaysia has allowed the HSR contract to expire yesterday. As such, the Singaporean government has asked Malaysia for compensation without specifying the amount.
The initial plan for the KL-Singapore HSR project was to have a game-changing 90-minute rail trip, with the railway having eight stations ― seven in Malaysia and one in Singapore. The seven stations in Malaysia are currently stated as Bandar Malaysia, Sepang-Putrajaya, Seremban, Melaka, Muar, Batu Pahat and Iskandar Puteri, while the Singapore station was stated as Jurong East.
It is however currently unclear what the final route will be now following the termination of the agreement between Malaysia and Singapore.
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