Anthony Loke - Photo DAP
Transport Minister Anthony Loke Siew Fook stated that the Kuala Lumpur-Singapore high-speed rail project will proceed despite some Japanese companies opting out of the request for information (RFI).
The Minister emphasized that numerous companies have expressed interest, and the project will not be halted due to the withdrawal of one party.
“It is up to them (the firms). This does not mean we’ll halt the project just because one party is not interested as there are hundreds of others who have expressed interest (in the project).”
The deadline for the RFI is Monday, after which companies will be evaluated before the next step, the request for proposal (RSP).
It was reported that Japanese firms, including East Japan Railway Co, withdrew, possibly opening opportunities for Chinese businesses. The government aims to start negotiations with Singapore later this year.
Cover Photo: DAP
Physical crude premiums and freight costs squeeze refiners, exposing futures market lag and worsening Europe’s…
A new strategic brief highlights Malaysia's opportunity to secure vital trade partnerships with the UAE…
Tech giants push space data centers as AI solution, but critics warn of massive costs,…
Malaysia Aviation Group plans to use Khazanah Nasional funds to expand its aircraft fleet by…
In February, the US trade deficit grew to USD57.3 billion, less than expected, with increases…
Public Investment Bank values MTT Shipping and Logistics Berhad at RM1.23, citing a 10x PER…
This website uses cookies.