SINGAPORE (Feb 12): The KL-Singapore high speed rail (HSR) project, which was suspended following a change in the Malaysian government nearly two years ago, might be revived in the short term, instead of suffering from outright cancellation, says Fitch Solutions Marco Research in a Feb 12 note.
Fitch’s view is premised on a couple of key reasons. First, the business case for the rail remains strong. Point to point air travel between Singapore and KL – one of the busiest air routes in the world, takes four hours in total. The 350km-long HSR can cut travel time by 90 minutes.
“With increased accessibility, the local economies of Batu Pahat, Muar and other locations along the proposed alignment are also likely to benefit from the project,” says Fitch Solutions.