Singapore’s Ministry of Transport says both countries are working on “a number of complex issues, including the operating and financing models, that have to be jointly agreed upon”
SINGAPORE — Singapore’s Transport Ministry has confirmed that it is working towards a third-quarter timeline to reach a bilateral agreement on the Kuala Lumpur-Singapore High-Speed Rail (HSR) project.
In response to queries from Channel NewsAsia, a spokesperson today (Mar 21) said the ministry is working closely with its Malaysian counterparts on various aspects of the HSR project, and that both sides are working on “a number of complex issues, including the operating and financing models, that have to be jointly agreed upon”.
The Malaysian Land Public Transport Commission (SPAD) told Channel NewsAsia earlier this week that plans for the HSR project on the Malaysian side could only progress to the procurement stage after discussions with Singapore
CEO of SPAD Mohd Nur Ismail Kamal said the open tender for the rail project would most likely take place in early 2016.
When completed in 2020, the HSR link between the two cities will reduce the overland journey time by half — to under three hours. It will be the first high-speed rail link in Southeast Asia.
Japan has reiterated its keenness to be involved in the Kuala Lumpur-Singapore high-speed train project, the first in Southeast Asia, Deputy Prime Minister Tan Sri Muhyiddin Yassin said.
This was stated to him by Japan’s Prime Minister Shinzo Abe during their meeting on the sidelines of the Third United Nations World Conference on Disaster Risk Reduction in Sendai, Japan.
Besides that, two of China’s top rail companies are reportedly keen to bid for the construction of the high-speed railway (HSR) linking Kuala Lumpur to Singapore.
The China.org.cn website reported that the two companies preparing to bid for the construction of the railway project were China Railway Construction Corp and China Southern Railway.
The website said Japan Railways, French firm Alstom and Siemens were said to be among some of the other bidders.