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Agreement on high speed train signed

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Syndicated News
Written by Syndicated News

PUTRAJAYA — December 13, 2016: Malaysia and Singapore today signed a landmark agreement towards the implementation of the Kuala Lumpur-Singapore High Speed Rail (HSR) which will cut the travel time between
the two to just 90 minutes.

Prime Ministers Datuk Seri Najib Razak and Lee Hsien Loong witnessed the signing during the 7th Malaysia-Singapore Leaders’ Retreat here today.

The agreement, a follow-up to the memorandum of understanding signed on July 19, was signed by Malaysia’s Minister in the PM’s Department Datuk Abdul Rahman Dahlan and Singapore Coordinating Minister for Infrastructure and Minister for Transport Khaw Boon Wan.

The accord formalises the technical, safety and security as well as customs, immigration and quarantine (CIQ) arrangements concerning the HSR.

At a joint press conference, Najib said both countries are committed to the project dateline of 2026.

“Looking at the size and complexity of the project, 10 years is a relatively short period of time, which means we need to work hard together and be very focused to overcome all challenges as we move ahead,” he said.

The 350km-long line will have eight stops — Bandar Malaysia, Putrajaya, Seremban, Ayer Kroh, Muar, Batu Pahat, Iskandar Puteri and Singapore.

“In the fourth quarter of 2017, we will issue the international tenders for the systems,” said Najib.

On challenges relating to the timeline and also the estimated costs, Najib described the HSR as a commercially viable project that is able to get long-term financing.

“We don’t envisage a problem in getting long-term financing. In fact whoever wants to participate can make available certain financial arrangements for us to consider as part of the package.”

Lee said the project would transform the way Malaysia and Singapore interact, socialise and do business for the better.

“It’s a long way to go and it is a complex project. We are making a long-term commitment but we have strong political will on both sides to ensure the project is done right and successfully.

“I look forward to taking the first train in 10 years’ time,” he remarked. — Bernama

 

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