Bullet Train Shot Down
June 2008
YTL Corp Bhd's proposed RM8bn (USD2.47bn) bullet train project linking Singapore and Kuala Lumpur is one of the latest big-ticket projects to be derailed by the ongoing push for austerity and accountable public spending in Malaysia's transformed political landscape following March 2008's landmark general elections. Although it was tightlipped on the details, the Government confirmed that it had shelved the project because the financial model submitted required the government to bear significant costs.
YTL Corp Bhd's proposed RM8bn (USD2.47bn) bullet train project linking Singapore and Kuala Lumpur is one of the latest big-ticket projects to be derailed by the ongoing push for austerity and accountable public spending in Malaysia's transformed political landscape following March 2008's landmark general elections. Although it was tightlipped on the details, the Government confirmed that it had shelved the project because the financial model submitted required the government to bear significant costs.
posted by Toyers at
5:46 PM
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