15 Nov '16, 7am

#OBOR #Infrastructure

A bilateral agreement on the long awaited Singapore-KL HSR will finally be signed in early December. Singapore and Malaysia are set to sign a bilateral agreement early next month for the development of the long-awaited high-speed rail (HSR), which will connect the two countries, reported Today Online . “We are working towards signing the bilateral agreement on the Kuala Lumpur-Singapore high-speed rail at the next leaders’ retreat on 5 December 2016,” said a spokesperson from Singapore’s Transport Ministry. Singapore Prime Minister Lee Hsien Loong and Malaysian Prime Minister Najib Razak first announced the rail project in 2013. Diplomats told The New Straits Times that both leaders are expected to witness the signing of the bilateral agreement at their annual retreat in Johor Bahru. The draft agreement will set out the project’s detailed costs, and revenue-sharing aspects...

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

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