{"id":36674,"date":"2016-12-01T12:39:37","date_gmt":"2016-12-01T05:39:37","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-malaysia-need-sound-agreement-on-hsr\/"},"modified":"2016-12-01T12:40:07","modified_gmt":"2016-12-01T05:40:07","slug":"singapore-malaysia-need-sound-agreement-on-hsr","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-malaysia-need-sound-agreement-on-hsr\/","title":{"rendered":"Singapore, Malaysia need sound agreement on HSR"},"content":{"rendered":"


\nPM Lee (seen here with Malaysian PM Najib Razak) is confident about the success of the HSR project, despite having acknowledged the difficulties involved.
\nPrime Minister Lee Hsien Loong believes cost sharing of the High Speed Rail (HSR) project is one of the factors making the project complicated, since there are two countries involved, reported Channel NewsAsia.
\nAs such, Malaysia and Singapore must have a sound agreement on how the project is structured, backed and executed.
\n\u201cIt is like the project from London to Paris, the Channel Tunnel,\u201d he said in an interview with Bernama on 28 November. \u201cWhen you have two authorities involved, you have to decide how to partition, where the line is drawn. I build my part, you build your part, and we have to meet at the same point. If it does not meet then we have a big problem.\u201d
\nWhile he described the project as \u201cvery ambitious, very complicated and very expensive\u201d, Mr Lee shared that both countries have made \u201cvery good progress\u201d with their discussions.
\n\u201cWe are almost there, and I hope that when I meet Prime Minister Najib at the next retreat, we will be able to sign the agreement. That is the first requirement, that we have a very good agreement which sets out clearly a sound basis to build and operate the system.\u201d
\nHe noted that evaluating the bidders would be very difficult since there are several HSR systems \u2014 namely, from China, Japan and Korea \u2014 that have been lobbying very hard to secure this contract.
\n\u00a0
\nCheryl Marie Tay, Senior Journalist at PropertyGuru, edited this story. To contact her about this or other stories, email cheryl@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Singapore, Malaysia need sound agreement on HSR<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

PM Lee (seen here with Malaysian PM Najib Razak) is confident about the success of...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-36674","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-9xw","jetpack-related-posts":[{"id":34354,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-malaysia-to-sign-hsr-agreement-next-month\/","url_meta":{"origin":36674,"position":0},"title":"Singapore, Malaysia to sign HSR agreement next month","date":"November 15, 2016","format":false,"excerpt":"\r Singapore PM Lee Hsien Loong and Malaysian PM Najib Razak are to witness the signing of the agreement 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,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123539,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/malaysia-wants-hsr-project-revived-singapore-open-to-idea\/","url_meta":{"origin":36674,"position":1},"title":"Malaysia wants HSR project revived, Singapore open to idea","date":"December 1, 2021","format":false,"excerpt":"\r The High-Speed Rail project between Singapore and Malaysia was terminated on 1 Jan 2021, however, the Malaysian prime minister has suggested reviving discussions for the project. Malaysia Prime Minister Ismail Sabri Yaakob has suggested reviving discussions on a High-Speed Rail (HSR) with Singapore, reported Channel News Asia (CNA) citing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/Artists-impression-of-the-HSR-terminus-in-Jurong-East-crop.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":113153,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mahathir-bandar-malaysia-project-to-have-an-hsr-station\/","url_meta":{"origin":36674,"position":2},"title":"Mahathir: Bandar Malaysia project to have an HSR station","date":"December 18, 2019","format":false,"excerpt":"\r Malaysia might also consider scaling down to trim costs, which will see train speeds reduced. Malaysian Prime Minister Mahathir Mohamad has said the revived Bandar Malaysia project will house a Kuala Lumpur-Singapore High-Speed Rail (HSR) project, although Malaysia and Singapore have yet to finalise details of the project. \u201cWe\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":40920,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-bid-for-the-singapore-malaysia-hsr-line-looks-promising\/","url_meta":{"origin":36674,"position":3},"title":"This bid for the Singapore-Malaysia HSR line looks promising","date":"January 17, 2017","format":false,"excerpt":"\r In virtual reality at least Sentosa Express, a monorail line in Singapore. Lucy Liu\/Shutterstock No firm has won the tender for the high-speed rail (HSR) project between Kuala Lumpur and Singapore yet. However, a Chinese consortium has greatly boosted its chances by treating Malaysians to a virtual sampling of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44420,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/consortium-awarded-joint-development-partner-contract-for-hsr-project\/","url_meta":{"origin":36674,"position":4},"title":"Consortium awarded joint development partner contract for HSR project","date":"February 17, 2017","format":false,"excerpt":"\r The 350km High Speed Rail project is expected to reduce travel time between KL and Singapore to just 90 minutes. The joint development partner (JDP) contract for the Kuala Lumpur-Singapore High Speed Rail (HSR) project has been awarded to a consortium comprising WSP Engineering Malaysia, Mott MacDonald Malaysia and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94035,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/malaysia-to-discuss-hsr-project-with-singapore-by-end-july\/","url_meta":{"origin":36674,"position":5},"title":"Malaysia to discuss HSR project with Singapore by end-July","date":"July 17, 2018","format":false,"excerpt":"\r Malaysia has revealed plans to send an official representative to Singapore by the end of the month to discuss the Kuala Lumpur-Singapore high-speed rail (HSR) project, and to release an announcement on the matter this week, reported Channel News Asia. \u201cI\u2019m in communication with our Singaporean counterpart. Last week,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/36674"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=36674"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/36674\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=36674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=36674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=36674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}