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KL-Singapore High Speed Rail terminated after both countries fail to reach agreement on M'sia's proposed changes to project

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Twincharged (edited)

Paradise story continues...

Time to allocate the plot of land to provide the next tranche of HDB, private and commercial territory!

Got back our rail roads, bought land back from JCC at huge discount. Best news to start the year.

Edited by Showster
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KL-Singapore High Speed Rail terminated after both countries fail to reach agreement on M'sia's proposed changes to project

source: https://www.straitstimes.com/singapore/politics/kl-singapore-high-speed-rail-terminated-after-singapore-and-malaysia-fail-to

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SINGAPORE - The Kuala Lumpur-Singapore High Speed Rail (HSR) project has been terminated, after both countries failed to reach an agreement on changes proposed by Malaysia by the deadline of Dec 31.

Prime Minister Lee Hsien Loong and his Malaysian counterpart Muhyiddin Yassin announced this in a joint statement on Friday (Jan 1) morning.

The statement said the Malaysian Government had proposed several changes to the HSR project in the light of the impact of the Covid-19 pandemic on the Malaysian economy.

"Both Governments had conducted several discussions with regard to these changes and had not been able to reach an agreement. Therefore, the HSR Agreement had lapsed on 31 December 2020."

The statement said both countries will abide by their respective obligations, and will now proceed with the necessary actions, resulting from the termination of the HSR Agreement.

Singapore's Ministry of Transport, in a separate statement, said Malaysia had allowed the HSR bilateral agreement to be terminated, and has to compensate Singapore for costs already incurred, in accordance with the agreement.

The joint statement added: "Both countries remain committed to maintain good bilateral relations, and cooperate closely in various fields, including strengthening the connectivity between the two countries."

PM Lee and Mr Muhyiddin had held talks on the twice-delayed bilateral project via video conference on Dec 2, after Malaysia earlier proposed some changes.

Both sides then said they would announce further details on the HSR Project through a joint statement in due course.

But the writing had been on the wall, following several Malaysian news reports that quoted unnamed sources saying the Malaysian Cabinet was planning to continue the project without Singapore's involvement and end the line in Johor.

The 350km rail line, which both sides agreed to build in 2013, was to have run from a terminal station in Bandar Malaysia in downtown Kuala Lumpur to a terminal in Jurong East.

The HSR was slated to have seven stations, and would have cut travel time between Kuala Lumpur and Singapore to 90 minutes, compared with over four hours by car and about five hours end-to-end by air.

Both countries signed a legally bilateral agreement on the project in Putrajaya in December 2016, witnessed by Prime Minister Lee Hsien Loong and then Malaysian Prime Minister Najib Razak.

Singapore commenced work on the project, including appointing a firm to design its HSR infrastructure and later calling an international joint tender with Malaysia for an assets company.

The project was later suspended at the request of Malaysia, after a change in the Malaysian government following the May 2018 general election.

The initial two-year extension in September 2018, which was to have ended in May 2020, was extended for a second and final time till Dec 31.

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Aiyo. means property in west will drop? 🤣

 

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Supersonic (edited)

Quite happy the long protracted soap opera is finally over, but felt bad for the private folks who invested significantly in Jurong...

Edited by Weez911
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Twincharged
31 minutes ago, Showster said:

Paradise story continues...

Time to allocate the plot of land to provide the next tranche of HDB, private and commercial territory!

Got back our rail roads, bought land back from JCC at huge discount. Best news to start the year.

New generations Singaporeans and Malaysians also get to have a firsthand experience about how both Govts operate...

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Supercharged
7 minutes ago, Weez911 said:

Quite happy the long protracted soap opera is finally over, but felt bad for the private folks who invested significantly in Jurong...

and Iskandar 

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Supersonic
44 minutes ago, Showster said:

Paradise story continues...

Time to allocate the plot of land to provide the next tranche of HDB, private and commercial territory!

Got back our rail roads, bought land back from JCC at huge discount. Best news to start the year.

JE still can sell no $2000/psf no talk? [sly] 

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Supersonic

Finally an official announcement.

I dont think M'sia has the funds to build a mega project right now. Priority will be getting the vaccine and rebuilding their battered economy. In short they just dont have that kinda money. They will of course save face by coming up with all kinds of demands to make sure this hsr cannot work.

I also think they wont build their own hsr cos really no point if it doesnt cross border.

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Twincharged
3 minutes ago, Wt_know said:

JE still can sell no $2000/psf no talk? [sly] 

Most places (new) in SG are reaching this level lor...

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6th Gear

Pinky now gotta redo Jurong East plan

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Supersonic
7 minutes ago, Kklim said:

Pinky now gotta redo Jurong East plan

Build disneyland at that terminus plot?🤪

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Supersonic (edited)
16 minutes ago, Watwheels said:

Finally an official announcement.

I dont think M'sia has the funds to build a mega project right now. Priority will be getting the vaccine and rebuilding their battered economy. In short they just dont have that kinda money. They will of course save face by coming up with all kinds of demands to make sure this hsr cannot work.

I also think they wont build their own hsr cos really no point if it doesnt cross border.

well said. regardless in office or in politic ... must practice pattern more than badminton ...

who cares about the truth? no one can handle the truth ...

we better got plan A, B, C and D .... wait 2 years UMNO is back ....

we can rub shoulder and eat durian together again liao ...

 

Edited by Wt_know
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Hypersonic (edited)

the  property owners can always approach the very same agent that sold them the property,  to offload at a lower price. do ask for a repeat customer preferential commission rate from the agents

and the winner is

 

 

 

 

 

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Edited by Staff69
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4th Gear

these people kick us out in 1965

and you think they will give you good deals ?

smile in your face and hide a Kris behind their back.

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Twincharged

 

1 hour ago, Watwheels said:

Finally an official announcement.

I dont think M'sia has the funds to build a mega project right now. Priority will be getting the vaccine and rebuilding their battered economy. In short they just dont have that kinda money. They will of course save face by coming up with all kinds of demands to make sure this hsr cannot work.

I also think they wont build their own hsr cos really no point if it doesnt cross border.

Ya lor.. Its better to terminate early when the construction phase haven't started. Imagine when construction phase started and then no money and then project end up terminated = more jia lat. 

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5th Gear
5 minutes ago, Ho2786 said:

these people kick us out in 1965

and you think they will give you good deals ?

smile in your face and hide a Kris behind their back.

I have yet to be convinced that building this HSR is a good deal for Singaporeans.

So yes, they did give us a good deal by terminating it.

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Twincharged
8 minutes ago, ToyotaShuttle said:

I have yet to be convinced that building this HSR is a good deal for Singaporeans.

So yes, they did give us a good deal by terminating it.

The world had changed since the covid-19 pandemic. 

 

Plus what critical Spectator said is so darn true. Imagine a major project between countries that took place over a span of many years and will overlap with different leaders. The new leaders may not like that major project and then want to terminate it. This is the uncertainty that the country has to face with every election elected new different leader to be in power. Political unstable and the risk of major project between countries being axe off is real. 

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Twincharged

This will partially alleviate the severe shortage of land supply and slow down the rate of appreciation and allow more Govt control over the supply for the next few years.

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