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Singapore incurred over $250m so far for HSR project

Wah...$250m spent liao.

Can invite another 10 more rogue dictators to meet up with Trump in Singapore with that kind of money and with better results and outcome.
 
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'Need to make clear decision now' on High-Speed Rail project: Malaysia’s economic minister




Asia'Need to make clear decision now' on High-Speed Rail project: Malaysia’s economic minister
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An artist's impression of a KL-Singapore High Speed Rail (HSR) station. (Photo: MyHSR)
By Melissa Goh
20 Jul 2018 07:43AM(Updated: 20 Jul 2018 07:50AM)
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KUALA LUMPUR: To suspend or to terminate?
That is the question faced by Malaysia’s economic affairs minister Mohamed Azmin Ali, who is leading a task force that will decide the fate of the High-Speed Rail (HSR)project, which the new government has claimed will cost RM110 billion (US$27 billion).

Signed between Malaysia and Singapore government in December 2016, the 350km HSR project - linking Kuala Lumpur and Singapore - was slated to be operational by the end of 2026.
But Prime Minister Mahathir Mohamad announced he would scrap the project after the new Pakatan Harapan government was elected into power in May.
Two months on, the Singapore Government has yet to be officially notified by their Malaysia counterparts. To date, about S$250 million have been spent by Singapore on the project.
READ: Singapore has spent more than S$250m on HSR project, says Transport Minister

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Speaking to Channel NewsAsia on Thursday, Azmin acknowledged that the time has come to decide once and for all the status of the HSR project.
This comes after Mahathir hinted on Thursday that a deferment may be the only option, as unilateral cancellation was just going to be too costly.
“We need to make a clear decision now. In the event we want to defer, the entire process needs to be reviewed; we can’t just slow it down, we have to either suspend it now or terminate it,” said Azmin.
Azmin on Thursday said he plans to meet Singapore’s Minister for Transport Khaw Boon Wan before the end of the month to discuss the way forward.
A JUST AND EQUITABLE SOLUTION
Whatever the outcome, he assured, it will be just and equitable to both sides.
While he is still trying to unbundle the whole process, Azmin said he understands that many parties were involved, from government bodies to multinational companies who took part in the international bidding.
“There are so many packages. I need to know how many packages have been awarded and how many are still open to bidders, because the stakeholders are not government entities, they are also other international multinational companies," he said.
“We do appreciate they have incurred operating expenses in the last few months."
KL-Singapore HSR: What you need to know
But he declined to comment on the status of the tender process, especially for the train carriages and tracks that is scheduled to close on Dec 28.
Azmin added that under the agreement, it is lawful for either party to want to terminate the agreement.
Singapore, he said, is entitled to claim for compensation and there is a formula provided in the contract to work out the amount.
“They have every right to put up their claims, we need to sit down and verify those claims,” he said.
Azmin said apart from meeting Khaw, he is also planning to meet Singapore’s Minister for Trade and Industry Chan Chun Sing in a bid to find an amicable solution to the HSR project.
Source: CNA/de(rw)
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Read more at https://www.channelnewsasia.com/news/asia/kl-singapore-hsr-high-speed-rail-project-azmin-10546402
 
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SINGAPOREMalaysia should not scrap High-Speed Rail project with Singapore: Johor crown prince
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Malaysia should not scrap High-Speed Rail project with Singapore: Johor crown prince




ExclusiveSingaporeMalaysia should not scrap High-Speed Rail project with Singapore: Johor crown prince

Malaysia should not withdraw from the Singapore-Kuala Lumpur High-Speed Rail (HSR) project, Johor crown prince Tunku Ismail Sultan Ibrahim told Channel NewsAsia in an exclusive interview on Thursday (Jul 19).
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By Amir Yusof
19 Jul 2018 04:48PM(Updated: 20 Jul 2018 12:39AM)
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JOHOR BAHRU: Malaysia should not withdraw from the Singapore-Kuala Lumpur High-Speed Rail (HSR) project, Johor crown prince Tunku Ismail Sultan Ibrahim told Channel NewsAsia in an exclusive interview on Thursday (Jul 19).
"I think it's a very, very positive project that we should continue because it will not only help Johor but also Singapore," he said.

"It will boost the economy in Johor, maybe to have more foreign investment coming in. The HSR is a very positive project that we should proceed and continue (with), that's my personal opinion."
However, he said whether to proceed with the project was "up to the government" of Malaysia.
"There's nothing I can do because at the end of the day it's between the governments," he said.
READ: What you need to know about the KL-Singapore HSR


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Malaysia Prime Minister Mahathir Mohamad first said in media reports in May that Malaysia intends to scrap the projectwhich was agreed upon with Singapore by the former federal government.
However, Singapore has said that it has not received any formal notice of this from its neighbour. On Wednesday, Malaysia's Economic Affairs Minister Mohamed Azmin Ali said he will be discussing the issue with Singapore's Minister for Transport Khaw Boon Wan to find the best solution in the best interest of both countries.
Dr Mahathir on Thursday took a different stance, telling reporters the country maydefer the project instead of scrapping it after studying the costs and implications of cancelling the project.
Malaysia had accrued debts and liabilities of more than RM1 trillion under the previous administration, Malaysia's Finance Minister Lim Guan Eng had said.
The new Pakatan Harapan government has made reducing that debt a priority and has been reviewing several mega projects in a bid to trim down debts and liabilities.
When asked about how the project may affect Malaysia's national debt, Tunku Ismail said: "At the end of the day, they are the government. They should judge what is necessary and what's not necessary. It's not my place and not my position to know what's the financial status of the country."


Singapore and Malaysia signed a bilateral agreement for the HSR project in December 2016, and it was due to start operations in 2026.
Tunku Ismail made his comments during a wide-ranging interview, as he also addressed Johor Darul Ta'zim winning its fifth consecutive Malaysia Super League title on July 10, and prepares for celebrations tomorrow.
Source: CNA/hm
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Read more at https://www.channelnewsasia.com/new...unku-ismail-malaysia-high-speed-rail-10544316
 
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SINGAPOREKL-Singapore HSR: What you need to know
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KL-Singapore HSR: What you need to know




SingaporeKL-Singapore HSR: What you need to know
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The concept design for Bandar Malaysia station along the KL-Singapore HSR. (Photo: MyHSR)
28 May 2018 09:25PM(Updated: 29 May 2018 07:33AM)
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SINGAPORE: Construction for the Kuala Lumpur-Singapore high-speed rail (HSR) line was due to start this year, but the project is set to be derailed, after Malaysiaannounced on Monday (May 28) that it will be scrapping it.
Here's what you need to know:

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HOW DID THE PROJECT COME ABOUT?
Once hailed as a "game-changer" by then-Malaysian Prime Minister Najib Razak, the proposed 350km-long HSR line 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.
It was first unveiled in February 2013 by Prime Minister Lee Hsien Loong and Mr Najib at a leaders' retreat. The two countries signed a legally binding bilateral agreement on the project in 2016, paving the way for its implementation.
Construction on the project - which has been estimated to cost around RM50 billion (S$16.8 billion) to RM60 billion by Malaysia's then-second finance minister - was due to start this year, with the lineexpected to begin operations in 2026.

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WHAT DID IT ENTAIL?
Running for 350km, the planned HSR line had eight stops: Singapore, Iskandar Puteri, Batu Pahat, Muar, Melaka, Seremban, Sepang-Putrajaya and Kuala Lumpur. Terminus stations were planned for Kuala Lumpur's Bandar Malaysia and Singapore's Jurong East.
The line would host an express service from Kuala Lumpur to Singapore, a domestic service from Kuala Lumpur to Iskandar Puteri and a shuttle service from Iskander Puteri to Jurong East.
In addition, co-located Singapore and Malaysia Customs, Immigration and Quarantine facilities were planned at Bandar Malaysia, Iskander Puteri and Jurong East - meaning that a traveller at the Jurong East terminus could for example clear Singapore immigration and then Malaysian immigration a few steps later, before boarding the train and getting off in Kuala Lumpur.
In Singapore, Raffles Country Club and Jurong Country Club had been acquired by the authorities for the project, with the latter meant to house the HSR terminus.
WHAT WERE THE EXPECTED BENEFITS?
Apart from slashing travel time between Singapore and Kuala Lumpur, the rail link was expected to contribute RM21 billion (S$6.7 billion) in gross domestic product to Malaysia and Singapore, as well as create 111,000 jobs by 2060.
Separately, an environmental impact assessment report in 2017 said that the long-term benefits for commuter safety and carbon emissions provided a "strong justification" for the project.

image:

KEEN INTERNATIONAL INTEREST
Under the project, both governments each took responsibility for developing, constructing and maintaining the civil infrastructure and stations within their own countries.
Last year, Singapore's Land Transport Authority (LTA) announced the formation of a wholly owned subsidiary - SG HSR - to implement the project and build, own, fund and maintain the civil infrastructure in Singapore.
It would then work with its Malaysian counterpart, MyHSR, to jointly appoint an assets company and an international operator for the project through an open international tender.
The project had attracted keen interest globally, with Japan’s ambassador to Malaysia saying earlier this year that the country could offer a “truly holistic” package towards the project.
In addition to bidders from Malaysia and Singapore, others who have expressed an interest include firms from China, Japan, South Korea and Europe.
WHY IS MALAYSIA PULLING OUT?
Dr Mahathir on Monday told reporters that the project was "not beneficial" to Malaysia, saying that the country would "make no money at all" from the arrangement.


In a separate interview with the Financial Times, he said the project would cost Malaysia RM110 billion (US$28 billion) but would not earn the country "a single cent".
WHAT'S NEXT?
When he was asked by Channel NewsAsia if his decision had been communicated to Singapore, Dr Mahathir said: "I don't know".
In response to Channel NewsAsia's queries, Singapore's Ministry of Transport said on Friday evening that it has yet to receive any official notification from Malaysia on its plans to scrap the project.
Separately, Malaysia and Singapore also have an agreement for a Johor Bahru-Singapore Rapid Transit System Link which Prime Minister Lee has said will go on regardless of "whoever is the government" on either side. About S$3 billion had been set aside for the RTS Link and the HSR project in the Ministry of Transport's FY18 budget, Finance Minister Heng Swee Keat said in his Budget speech earlier this year.


Source: CNA/nc
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Read more at https://www.channelnewsasia.com/new...singapore-hsr-rail-link-what-to-know-10284406
 
I understand if they are building a hsr connecting Malaysia to the rest of south east Asia.... and Singapore is small part of the route.....but a hard just to connect Malaysia and sg?
 
how much of the 250 m is used to pay for penang cow's bonuses?
 
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