Malaysia-Singapore
There is a bullet train project at 300 km/h (186 mph) to link Kuala Lumpur and Singapore, proposed by the current Malaysian operator KLIA Express YTL Corporation, which links Kuala Lumpur with the KLIA. Travel time would be 90 minutes, compared with 4 hours of highway drive, 7 hours currently by standard rail, 2 hours of flight including commuting to and from airport, check in and boarding. Plans for the project were shelved due to high government cost. The project also faces opposition from rail operator rivals such as Keretapi Tanah Melayu.
LATEST NEWS:
June 30, 2009 23:00 PM
KUALA LUMPUR, June 30 (Bernama) -- Conglomerate YTL Corporation Bhd hopes that the government will pursue the proposed RM8 billion bullet train project between Kuala Lumpur and Singapore given its potential economic spin-offs.
Managing director Tan Sri Francis Yeoh Sock Ping said he wanted to see the project taking shape even if YTL is not involved.
"As a Malaysian citizen, I would like to see this project between Kuala Lumpur and Singapore done even if YTL does not build it," Yeoh said at a media briefing at the Invest Malaysia conference here Tuesday.
"It does not matter if the government can build it and anybody can bid for it, but I think this is a project that must be done," he said.
The project proposal came from YTL but it was cancelled due to significant costs to be borne by the government.
It is expected to cut travel time between Kuala Lumpur and Singapore to 90 minutes.
"It is a relevant project. There is a lot of economic value to the high-speed train," Yeoh said.
He said that high-speed trains in other countries like Taiwan (between Taipei and Kaohsiung) and Britain have been successful in connecting people and helping to generate business activities.
"Japan also, how would that country be powerful as an industrial force if not because of the communication. They connected the people in such a powerful way, the high-speed trains," Yeoh said.
"So, I hope this kind of project can materialise soon," he said.
Yeoh said YTL would continue to support the government, adding that the announcement of the liberalisation of foreign ownership will help to boost economic growth.
-- BERNAMA
There is a bullet train project at 300 km/h (186 mph) to link Kuala Lumpur and Singapore, proposed by the current Malaysian operator KLIA Express YTL Corporation, which links Kuala Lumpur with the KLIA. Travel time would be 90 minutes, compared with 4 hours of highway drive, 7 hours currently by standard rail, 2 hours of flight including commuting to and from airport, check in and boarding. Plans for the project were shelved due to high government cost. The project also faces opposition from rail operator rivals such as Keretapi Tanah Melayu.
LATEST NEWS:
YTL Hopes For Bullet Train Project To Materialise
June 30, 2009 23:00 PM
KUALA LUMPUR, June 30 (Bernama) -- Conglomerate YTL Corporation Bhd hopes that the government will pursue the proposed RM8 billion bullet train project between Kuala Lumpur and Singapore given its potential economic spin-offs.
Managing director Tan Sri Francis Yeoh Sock Ping said he wanted to see the project taking shape even if YTL is not involved.
"As a Malaysian citizen, I would like to see this project between Kuala Lumpur and Singapore done even if YTL does not build it," Yeoh said at a media briefing at the Invest Malaysia conference here Tuesday.
"It does not matter if the government can build it and anybody can bid for it, but I think this is a project that must be done," he said.
The project proposal came from YTL but it was cancelled due to significant costs to be borne by the government.
It is expected to cut travel time between Kuala Lumpur and Singapore to 90 minutes.
"It is a relevant project. There is a lot of economic value to the high-speed train," Yeoh said.
He said that high-speed trains in other countries like Taiwan (between Taipei and Kaohsiung) and Britain have been successful in connecting people and helping to generate business activities.
"Japan also, how would that country be powerful as an industrial force if not because of the communication. They connected the people in such a powerful way, the high-speed trains," Yeoh said.
"So, I hope this kind of project can materialise soon," he said.
Yeoh said YTL would continue to support the government, adding that the announcement of the liberalisation of foreign ownership will help to boost economic growth.
-- BERNAMA
