Bursa Community
Would you like to react to this message? Create an account in a few clicks or log in to continue.

KTMB keen on Saudi high-speed rail project

Go down

KTMB keen on Saudi high-speed rail project Empty KTMB keen on Saudi high-speed rail project

Post by hlk Tue 09 Aug 2011, 08:23

KUALA LUMPUR: National railway company Keretapi Tanah Melayu Bhd (KTMB) aims to work on the Haramain high-speed rail project in Saudi Arabia to gain expertise so it could undertake a similar project here.

The US$6 billion (RM18.06 billion) Haramain project involves a 450km rail link between Makkah (Mecca) and Madinah. The project has commenced and is expected to be completed by end-2012.

KTMB president Dr Aminuddin Adnan said it has sent several staff to the project site to lobby for contracts.

"We believe with the expertise and exposure gained, we will be ready when Malaysia decides to implement its own high-speed rail project from Kuala Lumpur to Singapore.

"We want to grab the opportunity to work on the high-speed project," Aminuddin said in an interview with Business Times recently in Kuala Lumpur.

The KL-Singapore high-speed rail job, estimated to cost RM8 billion to RM14 billion, will stretch about 400km and reduce travel time to 90 minutes from the current seven hours.

YTL Corp Bhd first mooted the idea to build a high-speed rail in the late 1990s, and then, in 2006. The project was put on hold in April 2008 due to high cost to the government, estimated at about RM8 billion.

By the middle of 2009, YTL again revived talk on the project and expressed hope that the government would relook at the proposal.

In 2010, Malaysia made a proposal to revive the project.

Performance Management and Delivery Unit director Ahmad Suhaili said recently that a pre-feasibility study for the rail project will be concluded on August 19 and submitted to the Cabinet for approval.

Ahmad said the study would allow the government to decide on the corridors and stations to be located between Kuala Lumpur and Singapore.


hlk
hlk
Moderator
Moderator

Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia

Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum