Berjaya Corp Bhd stays committed to the Kuala Lumpur-Singapore HSR project despite existing challenges. The company’s active engagement depends on Malaysia’s government clarifying its financial strategy and finalizing decisions. This was reported by the railway transport news portal Railway Supply.

Berjaya Corp Bhd stays committed to the Kuala Lumpur-Singapore HSR project despite existing challenges.
Berjaya Corp Bhd founder Tan Sri Vincent Tan Chee Yioun (right) with Kossan Rubber Industries Bhd founder Tan Sri Lim Kuang Sia in Pulau Ketam on Friday. Tan donated RM250,000 to support three local schools and five temples in efforts to improve the quality of life for the island’s residents. (Photo by Patrick Goh/The Edge)

Private Sector’s Role in the Kuala Lumpur-Singapore HSR Project

Berjaya Corp Bhd, led by founder Tan Sri Vincent Tan Chee Yioun, continues its efforts to participate. The group seeks a new consortium partner after Malaysian Resources Corp Bhd’s withdrawal from the project.

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Initially estimated at RM100 billion, the Kuala Lumpur-Singapore HSR project now requires full private sector involvement. The government aims to minimize its financial obligations while supporting infrastructure development.

Transport Minister Anthony Loke Siew Fook confirmed in July that three out of seven consortiums submitted proposals. However, he declined to disclose the shortlisted companies for confidentiality purposes.

Consortium Updates and Strategic Partnerships

Berjaya Rail Sdn Bhd collaborates with Keretapi Tanah Melayu Bhd, IJM Corp Bhd, and renowned international partners. These include Deutsche Bahn AG, Hitachi Rail, and Hyundai Rotem Co, ensuring robust technical expertise.

YTL Corp Bhd, through its subsidiary YTL Construction Sdn Bhd, partners with SIPP Rail Sdn Bhd. The competitive consortiums reflect Malaysia’s ambition to modernize transportation and boost regional connectivity.

During a Pulau Ketam visit, Tan donated RM250,000 to three schools and five temples. His initiatives aim to improve education and community welfare, enhancing local residents’ quality of life.

Berjaya remains steadfast in pursuing the Kuala Lumpur-Singapore HSR project. Its commitment showcases the potential of private-public partnerships in addressing national infrastructure challenges.

Source: theedgemalaysia.com

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