However, nobody argued about the feasibility of HSR anymore after the HSR was completed, because the HSR has largely improved Korean people’s quality of life. HSR reduced people’s travel times to less than 2 hours, boosted the local economy surrounding the major railway station areas and largely strengthened the technology of related industries. #2 How is Korea getting ready for the HSR project? What are the future plans? That is why after the first Gyeongbu HSR was built, Korea continued to build more HSR links like the latest Honam HSR and it is now also looking to build faster trains.īased on Korea’s experience, I believe it is very timely for Malaysia to promote the HSR project and it will definitely serve as a momentum to contribute to Malaysia’s economic development. Korean Consortium for KL-SG HSR project was set up in October 2015 by the government investment body Korea Rail Network Authority (KRNA) and major private companies including Hyundai Rotem and Hyundai Construction. In July 2016, the consortium was restructured based on AssetsCo and InfraCo business model after the MoU between Malaysia and Singapore was announced. Currently, the consortium is working on the establishment of the optimized business model for KL-SG HSR project. The Korean consortium will be establishing a cooperation network with local companies to conduct detailed on-site study, device plan for technology transfer and financing ahead of the project bidding process. #3 Please tell us about Korean government’s intention towards this project.

Korea has formed a consortium in October 2015 to join the KL-SG HSR project and so far it has been actively promoting its technology by organizing a number of technology exchange events with SPAD and MyHSR, and also opened this KTX Showroom in November 2015.

So far, the Speaker of National Assembly, Minister and Vice Minister of Land, Infrastructure and Transport have expressed desire to join the bid for HSR during their visits to Malaysia. Since the tender will open in the 4th quarter of this year, Korean government is now supporting to prepare for a competitive financial packages suitable for this project and set up the competitive grand HSR consortium by recruiting various global companies.

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