stevenckhengHSR terminated for JB to SG, KL to JB still on
01/01/2021 10:16 AM
Jjkclstatement from Prime Minister Tan Sri Muhyiddin Yassin and Singapore Prime Minister Lee Hsien Loong.
"Both countries will abide by their respective obligations, and will now proceed with the necessary actions, resulting from this termination of the HSR agreement," said the statement, released by Muhyiddin's office.
Separately, Singapore's Transport Ministry said Malaysia had to compensate it for costs incurred in fulfilling its obligations under the agreement.
The countries did not state how much Malaysia would have to pay.
Construction on the rail link had been scheduled to commence in May 2020, with operations to begin in January 2031.
SleepingForestMrcb at all time low. Won't drop much further.
The kl jb link still going on. Only the jb sing link have been canceled. The developer for jb sing are sing company. Malaysia componay are not in involved.
But than again, Malaysia share player react to news so likely will drop a few cent and pick up again later
01/01/2021 9:38 PM
Stanley70If domestic HSR is still on, they tot to bring forward construction by 2 years, meaning const counter will benefit further?
Stanley70This is the largest bumi engrg firm, wont collapse.....
02/01/2021 5:56 PM
Stanley70Possible as there is proposal of min /certain % of participation of bumi co. in some mega projects, if approved, very high chance for mrcb, also has relevant track record.
02/01/2021 8:57 PM
Godstock8888Today sure will down , but for long term investment keep then ok
04/01/2021 7:29 AM
abc333Datuk Seri Najib Razak claimed today the Perikatan Nasional government planned to pay annual compensation to a private company following the termination of the Kuala Lumpur-Singapore High Speed Rail (HSR) which is widely speculated to be replaced with a local HSR line.
Najib, who did not name the company, also said he was informed that the highest echelons of the government have already agreed to launch a domestic KL-Johor Baru HSR to replace the terminated KL-SG HSR with a similar overhead cost.
He also said the government has already selected the technologies involved and named a “crony” private company as the main contractor cum operating company without any tender.
“The PN government has already planned to pay yearly compensation to the operating company since the HSR will not be profitable in the long run due to reduced passenger traffic and lowered fare revenue if Singapore is excluded,” he said in a statement on Facebo
