Korean rail firm still eyeing HSR project
KUALA LUMPUR: South Korea hopes to clinch the Kuala Lumpur-Singapore High Speed Rail (HSR) project despite intense lobbying by two Asian powerhouses.
The Koreans are banking on their success in developing their own HSR technology and construction methods for the past 12 years.
Korea Rail Network Authority regional representative Yoon Chi Man said it will offer Malaysia and Singapore, “a distinctive business model in terms of project planning and cost”.
“We are also willing to share our experience with Malaysia in developing independent technologies which can greatly reduce maintenance costs and will help the two countries in the long run,” he told theSun.
“We believe we are in a better position for this project,” he added.
In an interview with China’s business publication 21st Century Business Herald in April last year, former Land Public Transport Commission chief executive officer Mohd Nur Ismal Kamal had stated that safety was the first determining criteria for the 350km HSR project.
“At the same time, the total project cost must also be considered.
“What I am referring to is not the initial cost of the project, it also includes the subsequent operation, maintenance and repair costs,” said Nur Ismal.