By Sharen Kaur
sharen.kaur@gmail.com
Published in NST on February 22, 2013
THE Land Public Transport Commission (SPAD) says it expects to call for tenders for the high speed rail (HSR) link between Kuala Lumpur and Singapore towards the end of this year.
However, it is subjected to a Phase 2 study on the HSR Link, said SPAD chief executive officer Mohd Nur Ismal Mohamed Kamal.
Mohd Nur Ismal said that Phase 2 would involve preparing the documents for tender and syncronising with Singapore.
"We expect to start (Phase 2) soon as we plan to call for tenders in the fourth quarter of this year. However, it would depend on how fast Malaysia and Singapore could agree on certain terms," he told Business Times.
A HSR link between Kuala Lumpur and Singapore has been considered for many years. On Tuesday, the governments of both countries agreed to build the link.
Business Times reported yesterday that the HSR project would cost an estimated RM30 billion.
SPAD is the lead agency appointed by the government for the HSR project. It has been carrying out a study on the HSR link since early 2012.
Phase 1A of the study has been completed and SPAD is almost done with Phase 1B.
Initial findings by SPAD shows that the HSR has the potential to bring significant economic benefit to Malaysia, including stimulating further economic activity between Kuala Lumpur and Singapore.
Other findings include opportunity to increase productivity and tourism activities, enhancing property values, and attracting multi-national companies to relocate to Kuala Lumpur and other locations in between Malaysian and Singapore, because of improved connectivity.
In a statement issued yesterday, SPAD said the study evaluated the viability of the project from a technical and financial perspective.
It also looked at the preferred financing structure and defining an alignment which is technically feasible and yields optimal revenue.
SPAD had engaged with various stakeholders, at the federal and state level, as well as the private sector and public with regards to the study.
-ends-
sharen.kaur@gmail.com
Published in NST on February 22, 2013
THE Land Public Transport Commission (SPAD) says it expects to call for tenders for the high speed rail (HSR) link between Kuala Lumpur and Singapore towards the end of this year.
However, it is subjected to a Phase 2 study on the HSR Link, said SPAD chief executive officer Mohd Nur Ismal Mohamed Kamal.
Mohd Nur Ismal said that Phase 2 would involve preparing the documents for tender and syncronising with Singapore.
"We expect to start (Phase 2) soon as we plan to call for tenders in the fourth quarter of this year. However, it would depend on how fast Malaysia and Singapore could agree on certain terms," he told Business Times.
A HSR link between Kuala Lumpur and Singapore has been considered for many years. On Tuesday, the governments of both countries agreed to build the link.
Business Times reported yesterday that the HSR project would cost an estimated RM30 billion.
SPAD is the lead agency appointed by the government for the HSR project. It has been carrying out a study on the HSR link since early 2012.
Phase 1A of the study has been completed and SPAD is almost done with Phase 1B.
Initial findings by SPAD shows that the HSR has the potential to bring significant economic benefit to Malaysia, including stimulating further economic activity between Kuala Lumpur and Singapore.
Other findings include opportunity to increase productivity and tourism activities, enhancing property values, and attracting multi-national companies to relocate to Kuala Lumpur and other locations in between Malaysian and Singapore, because of improved connectivity.
In a statement issued yesterday, SPAD said the study evaluated the viability of the project from a technical and financial perspective.
It also looked at the preferred financing structure and defining an alignment which is technically feasible and yields optimal revenue.
SPAD had engaged with various stakeholders, at the federal and state level, as well as the private sector and public with regards to the study.
-ends-
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