Kuala Lumpur-Singapore HSR: Termination Insights for Rail Pros

Introduction

MyHSR Corporation (MyHSR Corp) announced the termination of the Kuala Lumpur Singapore High-Speed Rail project on January 1, 2021. The project, which was initially scheduled to be completed by December 31, 2026, was cancelled due to a failure to reach an agreement on the project’s terms.

Project Termination

MyHSR Corp stated that the project’s termination followed the lapse of the deadline on December 31, 2020, as the two countries, Malaysia and Singapore, were unable to reach an agreement on the project’s terms. The project’s initial agreement was signed on December 13, 2016.

Financial Implications

Malaysia paid SGD320 million (approximately RM99 million) to Singapore for costs incurred. The project’s initial cost was estimated at RM110 billion.

Background of the Project

The Kuala Lumpur Singapore High-Speed Rail project was intended to be a high-speed railway line between Bandar Malaysia in Kuala Lumpur and Jurong East in Singapore. The high-speed rail line was expected to cover a distance of approximately 350 km. The project’s initial agreement was signed on December 13, 2016. In September 2018, the project was suspended, and the suspension period was extended several times before the final termination.

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Project Details

The high-speed rail line was expected to cover a distance of approximately 350 km. The project was initially scheduled to be completed by December 31, 2026.

Conclusion

The Kuala Lumpur Singapore High-Speed Rail project, which aimed to connect Bandar Malaysia and Jurong East, was officially terminated on January 1, 2021, due to the failure of Malaysia and Singapore to agree on the project’s terms. Malaysia paid SGD320 million to Singapore as a result.

Company Summary

MyHSR Corporation (MyHSR Corp): MyHSR Corporation was the Malaysian government-owned company responsible for the Kuala Lumpur-Singapore High-Speed Rail project.