Follow us on Twitter Find us on Facebook

YTL CORPORATION

YTL SUSTAINABILITY

UTILITIES
YTL POWER INT.

CONSTRUCTION
YTL CONSTRUCTION

MANUFACTURING
YTL CEMENT

PROPERTY DEVELOPMENT
YTL LAND & DEV.

REIT
YTL HOSPITALITY REIT
STARHILL GLOBAL REIT

TECHNOLOGY
YTL E-SOLUTIONS

COMMUNICATIONS
YTL COMMS.
YTL BROADBAND

EDUCATION
YTL FOUNDATION
FROGASIA
FROG EDUCATION LIMITED

TRANSPORTATION
EXPRESS RAIL LINK

CARBON CONSULTING
YTL-SV CARBON

ENTERTAINMENT
KL PAC

RESTAURANTS
LOT 10 HUTONG
FEAST VILLAGE
SHOOK! SHANGHAI

SHOPPING
L0T 10 SHOPPING CENTRE
STARHILL GALLERY
WISMA ATRIA
NGEE ANN CITY
RENHE SPRING ZONGBEI
DAVID JONES
MYER CENTRE ADELAIDE
PLAZA ARCADE

HOTELS & RESORTS
YTL HOTELS

ADVOCACY PROJECTS
YTL CCW
EARTH HOUR

REWARDS
YTL PLATINUM PLUS


YTL in talks to build KL-S'pore fast rail link

   

Singapore Business Times, July 5, 2006

By PAULINE NG
IN KUALA LUMPUR

MALAYSIAN conglomerate YTL Corp is in discussions with the Malaysian government on a high-speed rail link between Kuala Lumpur and Singapore, its group managing director Francis Yeoh said yesterday.

In an interview with Bloomberg, Mr Yeoh indicated that the plan had the backing of the Malaysian government, which is keen to develop the South Johor Economic Region to drive economic activity and leverage on Singapore's two integrated resorts.

'This is one project that everyone knows can work. Our government is very serious about this and they're encouraging us to look at it,' he said.

A high-speed train would take two hours or so to cover the 300km between Kuala Lumpur and Singapore. Today's rail service takes seven hours.

Before he stepped down, former prime minister Mahathir Mohamad approved an electrified double-track rail line running 636km from north to south of the Peninsular. But the RM14.5 billion (S$6.2 billion) project was shelved by Abdullah Badawi after he took the reins of government in 2003. The line approved by Dr Mahathir was to have been funded by the government and built by a consortium involving Malaysian Mining Corp and Gamuda.

Mr Yeoh indicated yesterday that YTL would fund its line privately.

He said that if YTL is given the concession it will float its 50 per cent subsidiary Express Rail Link (ERL) to raise the RM6-8 billion needed.

ERL, which turned profitable in 2003, operates the non-stop KLIA Express from Kuala Lumpur Sentral to Kuala Lumpur International Airport (KLIA) in Sepang, as well as a rapid-transit service that makes three stops at key towns along the route.

Mr Yeoh said he is confident that agreement on a rail link to Singapore could be reached in two years, but said political wrangling between Malaysia and Singapore on issues such as the location of Malaysia's Customs, Immigration and Quarantine facilities and land owned by Malaysian state railway Keretapi Tanah Melayu (KTM) would likely complicate matters.

Analysts said it would be a huge feather in YTL's cap if it can pull off the project - but noted that carriers serving the Kuala Lumpur-Singapore route could be affected. Mr Yeoh said he plans to offer these carriers and other parties like KTM and the operators of Changi Airport and KLIA stakes in the rail project.

It is not clear how the Singapore government will react to the idea, but YTL would need its agreement if new rail tracks are to be laid. There is considerable two-way traffic between both countries. Singaporeans are the biggest visitors to Malaysia, with over nine million arrivals last year.

Malaysia's National Physical Plan recommends a high-speed rail system that connects all the state capitals be built as part of a proposed integrated national transport system.

Copyright ? 2005 Singapore Press Holdings Ltd. All rights reserved.





Back
 
    

SPEECHES

INTERVIEWS

THE OSLO BUSINESS FOR PEACE AWARD

TRANSPARENT COHERENT REGULATORY FRAMEWORK

PERSONAL AND SUSTAINABILITY AWARDS

TAN SRI FRANCIS YEOH'S BIODATA

 
 

Contact Us | Newsletter | Career | Privacy Policy
Twitter | Facebook
 
Terms, Conditions and Disclaimers
Copyright © 2001 - 2017 All rights reserved.
Powered by YTL e-Solutions Bhd.