Will review of mega projects harm or help Singapore?

SINGAPORE (May 21): Malaysia’s new government has pledged to review all the mega projects that the previous government undertook. Cancellations or delays could affect both the Singapore economy and local companies.  

The most high-profile of these projects is the Kuala Lumpur-Singapore High Speed Rail (HSR). It is expected to link the two cities in a 90-minute journey and yield significant economic benefits on both sides of the Straits of Johor. For Singapore, specifically, it will improve accessibility to the city state’s unofficial hinterland. It is also expected to create many jobs.  

So far, Malaysia-listed companies YTL Corp, Malaysian Resources Corp and Gamuda have been awarded tenders for the project. Several other tenders are still ongoing: for the design and construction of the Singapore terminus and the Singapore tunnels, and for an assets company that will design, build, finance and maintain rolling stock and rail assets.  

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