New passenger rail service connects Turkey and Iran
Private sector to operate Cairo-Alexandria railway line
Saudi Railway Co ETCS certified
Doing business with Iran not impossible
Aqaba railway feasibility study agreed
Saudi Arabia opens $7.87bn Haramain Railway high-speed line
Saudi Railway Co and Greenbrier announce joint venture
Dubai firm invests €100 million in world’s longest undersea rail tunnel
A Head of Terms contract will allow UAE’s rail network to connect to the Khalifa Port
Railway linking Iran to Syria through Iraq
The governments of Malaysia and Singapore have signed a bilateral agreement, meaning construction of the Kuala Lumpur-Singapore High Speed Rail (HSR) Project has been officially suspended, potentially until 31 May 2020.
The Kuala Lumpur-Singapore HSR project envisaged a 330km double track line and eight stations, and was estimated at $6 billion.
The suspension was at Malaysia’s request and Singapore agreed through a bilateral cooperation.
Therefore, Malaysia will bear the agreed suspension costs, and if by May 2020 Malaysia does not proceed with the HSR project, they will be contractually obliged to bear the costs incurred by Singapore in fulfilling the HSR Bilateral Agreement.
During the suspension period, Malaysia and Singapore will continue to discuss how to progress the HSR project with the aim of reducing costs.
It is expected that the HSR Express Service between Singapore and Kuala Lumpur will commence by 1 January 2031, instead of the original commencement date that was 31 December 2026.
Unfortunately, due to the length of suspension, Singapore and Malaysia’s Infrastructure Companies, SG HSR Pte. Ltd. and MyHSR Corporation Sdn. Bhd., will be calling off the ongoing international joint tender for the HSR Assets Company.
This article first appeared on www.globalrailwayreview.com
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2019 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.