21 Apr '15, 3am

#singapore #property Singapore, Malaysia may share HSR cost: The development cost for t...

#singapore #property Singapore, Malaysia may share HSR cost: The development cost for t...

Comment E-mail to friend Bookmark & Share The development cost for the high-speed rail (HSR) project linking Singapore and Kuala Lumpur may be shared between the two countries based on the geographical location of the project’s infrastructure. Dividing the responsibility that way is considered the main way for Singapore and Malaysia to decide on how the massive investment required for the project will be split. “Mobile infrastructure cost that will be mutually utilised by both sides of the border such as the rolling stock and system works could be equally shared between Malaysia and Singapore,” said Land Public Transport Commission (SPAD) chief executive officer Mohd Nur Kamal. “Private sector participation is expected to be done via international tender bidding process that could possibly include local participation clause.” Since the physical length of the railway system...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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