Great to hear HSR is not Canceled but Postpone

Its great to hear that HSR is not scrap as MPIG do believe that HSR will bring lots of good to Malaysia. It is been told that Prime Minister Dr Mahathir Mohamad is only merely postponing the HSR Project, not scrap the deal entirely. MPIG believe that if HSR is build, more Malaysian will stay in Malaysia, yet help on rebuilding Malaysia economy. Not only that, it helps shortened the distance of travelling and time saving. MPIG also believe a lot of investor have invest based on HSR elements. Lets hope for the best is coming soon.

Below is the news refer from www.themalaysianinsight.com

High-speed rail project postponed, not scrapped, says Dr MahathirPRIME Minister Dr Mahathir Mohamad has said he is merely postponing the high-speed rail (HSR) project with Singapore, softening his earlier intention to scrap the deal entirely.

Dr Mahathir told Japan’s Nikkei Asian Review that Malaysia would benefit greatly from such a project.
“There will be a need for a high-speed rail in the future, probably right through the peninsula. But we cannot afford it at this moment,” he said.

“So, we actually postponed the implementation of the project.”
Dr Mahathir’s comments are the first to indicate a softening of his administration’s earlier stance of scrapping the project entirely, a move which could incur hefty penalties into the millions.

In the interview with the Japan daily, Dr Mahathir said that while a high-speed rail would be useful in the future, its cost – which he placed at RM110 billion – was too high at a time when the government was trying to reduce the country's RM1 trillion debt.

He also said that the existing deal that would have connected Singapore to Johor and Kuala Lumpur was not beneficial to Malaysia, as the length of the tracks was too short to warrant the project's cost.

 “High-speed trains are most effective where the distance is very long. But where the distance is short, it doesn't contribute much,” said Dr Mahathir.

“So, we need to rethink the high-speed rail. We cannot say we will never have a high-speed rail in Malaysia. What we can do is postpone the project because it is far too costly at this moment.”

​Singapore’s Transport Ministry had last month issued a statement saying it had yet to receive an official notification from Putrajaya of the decision to scrap the HSR project. – June 12, 2018.

A showcase of the Kuala Lumpur-Singapore High-Speed Rail project in October last year. Prime Minister Dr Mahathir Mohamad has since announced that the project has been delayed. – The Malaysian Insight file pic, June 12, 2018.