hitachi bullet train

1Malaysia Development Bhd (1MDB) has denied any link over the sale of its equity stake in Bandar Malaysia Sdn Bhd to the KL–Singapore High Speed Rail (HSR) project. 1MDB has denied that neither it, nor the government, had made any agreements that Bandar Malaysia was linked, despite the project being selected as the Klang Valley terminus for the HSR.

A statement issued January 6 said the sale of 1MDB’s 60% stake, held by subsidiaries TRX City Sdn Bhd (formerly 1MDB Real Estate Sdn Bhd) and Bandar Malaysia Sdn Bhd, to Iskandar Waterfront Holdings (IWH) and China Railway Engineering Corporation (CREC) was an entirely separate deal. It said, “HSR is an entirely separate project, ultimately to be determined jointly by the Governments of Malaysia and Singapore, per a separate process, and will not be linked or be contingent on, in any way, to the sale of 1MDB equity in the Bandar Malaysia project.”

While China is keen to lead the HSR project, Japan is also said to be eager to submit a bid, as has South Korea. Although speculation is rife, there has been no mention as who has the better prospects to win the HSR project. It was reported the Land Public Transport Commission (SPAD) has received over 220 enquiries on the project, with CREC in the list of 14 short-listed candidates.

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