22-02-2024, 09:04 AM
KUALA LUMPUR: The government will not be able to fully fund the Kuala Lumpur-Singapore high speed rail (HSR) project, not with RM1.5 trillion of debts hanging around its neck, said some transport specialists.
They raised doubts over the private sector's ability to fund the HSR and viability of the project overall given that it may eventually cost more than RM120 billion.
Rosli noted that low passenger volume between both cities can also pose a problem for the HSR.
As at 2023, Rosli pointed out that the total air traffic between KL and Singapore stood at only about four million passengers.
"Even if we were to assume all four millions were to switch to HSR, at similar airfares, the revenue won't be enough to pay even for the yearly operation cost, let alone the capital costs.
https://www.nst.com.my/business/corporat...t-rm120bil
They raised doubts over the private sector's ability to fund the HSR and viability of the project overall given that it may eventually cost more than RM120 billion.
Rosli noted that low passenger volume between both cities can also pose a problem for the HSR.
As at 2023, Rosli pointed out that the total air traffic between KL and Singapore stood at only about four million passengers.
"Even if we were to assume all four millions were to switch to HSR, at similar airfares, the revenue won't be enough to pay even for the yearly operation cost, let alone the capital costs.
https://www.nst.com.my/business/corporat...t-rm120bil
