Malaysia seeks Johor-S'pore rail, but at 36pc off US$756 million cost
THE Government of Malaysia is seeking to reduce MYR3
THE Government of Malaysia is seeking to reduce MYR3.16 billion (US$756 million) cost by 36 per cent to with changes to the structure and scope of the Singapore Border Rail Project, said Prime Minister Mahathir Mohamad, reports Bloomberg.
Construction of the Johor Bahru-Singapore Rapid Transit System Link has been delayed repeatedly, with Malaysia requesting a six-month suspension earlier this year citing concerns over costs.
Prime Minister Mahathir has been seeking to reduce his nation's debt and review projects signed off by his predecessor Najib Razak, including a bullet train that was supposed to connect Singapore with Kuala Lumpur.
A few of those projects have since been restarted, including the China-backed East Coast Rail Link that was revived after nearly halving the price tag.
Malaysia expects to sign an agreement on the Singapore-Johor rail by early next year, Transport Minister Anthony Loke said. Much of the savings will be due to land and other engineering and design cost cuts, with Malaysia proposing a light-rail transit system similar to lines operating in Kuala Lumpur to lower the price.