The Kuala Lumpur-Singapore High-Speed Rail (HSR) is expected to contribute RM21 billion growth in gross domestic product (GDP) to Malaysia and Singapore and create 111,000 jobs by 2060.
Land Public Transport Commission (SPAD) Chief Executive Officer, Mohd Azharuddin Mat Sah, said through a comprehensively inclusive plan, the HSR was expected to deliver significant socio-economic benefits to both Malaysia and Singapore.
“The KL-Singapore HSR is a game-changer and it will pull isolated regions closer, spur growth and development and help several towns along the way and unleash their hidden potentials by making them highly accessible, not just to tourists, but also to workers and investors,” he said in his opening keynote address at the 4th International Summit of the HSR Asia 2017.
He said the HSR project was expected to not only transform the transportation landscape but also create long-term economic and social benefits to Malaysia.
“We expect the HSR to substantially increase the number of travellers across the two countries, and under the transit-oriented development concept, engender economic activities along its route, including and not limited to business activities in the surrounding areas of the stations,” he said.