KL-Johor HSR study done, awaiting Cabinet submission

: A review into the proposed High Speed Rail (HSR) project connecting Kuala Lumpur and Iskandar Puteri in Johor has been finished and will be submitted to the Cabinet, says financial issues serve Mustapa Mohamed.

He likewise said a proposition to connect the HSR to Bangkok, Thailand, was at a “early” stage. This was as of late mooted by previous executive Muhyiddin Yassin in the Dewan Rakyat.

“However, the review for the KL-Iskandar Puteri HSR is finished. We’re simply sitting tight for it to be submitted to the Cabinet,” he said in a back and forth discussion directed by Bursa Malaysia Berhad director Wahid Omar at Invest Malaysia 2021 today.

Mustapa, otherwise called Tok Pa, said Putrajaya had additionally gotten a few recommendations and introductions on the MRT3 project, conceding that there was a requirement for it.

“Be that as it may, the model must be painstakingly taken a gander at. For us in the public authority, what’s significant is the measure of cash the public authority must place in to make the venture fruitful,” he said.

Mustapa said there had been proposition for MRT3 to be built on a “moderate premise”, given the public authority’s present monetary position. He said Putrajaya would attempt to limit assisting as far as land securing, support advances and government ensures.

“As far as help from the public authority, under the current conditions, we’ll need to check out the monetary ramifications. However, when the financial circumstance improves and government coffers have been helped, then, at that point, we can return to a portion of these tasks.

“For these two undertakings, as MRT3 for instance, the need is there. We’re presently at around 20% in use of public vehicle, which is extremely low for a country at this degree of improvement.

“We try to go to 40% or half and, if conceivable, past that. This is likewise vital as far as economical turn of events,” he said.

Mustapa additionally said his service was dealing with fostering another Public-Private Partnership model (PPP 3.0), which would be more reasonable, pointed toward diminishing Putrajaya’s monetary responsibilities upon the culmination of any project.In the past, he said the public authority would pay upkeep charges after a task is finished, on top of aiding land acquisitions, giving help advances and offering government ensures.

“In any case, the overall standard is, initially, we are considering giving some type of oddball help and, furthermore, the execution of an undertaking ought not bring about an extra weight on the public authority.”

Regardless, he said this was as yet a work in progress, with an idea paper set to be introduced to the Cabinet whenever it was settled.