If Singapore is keen on the HSR, let them build it FMTNews FMTEng
Estimated at about RM110 billion, it represents about 38 per cent of our 2023 operating expenditure , far exceeding this year’s development expenditure budget of RM99 billion.
In any case, my own calculations do not generate positive numbers for either project. So, I cannot see positive returns on investing in either the ECRL or the HSR, let alone both. What this means is that it is very likely almost all components will be imported, causing further losses in exchange rates with very little economic benefit to our domestic industries.
Like the ECRL, we are unlikely to derive any direct benefit from the project – no local contractors are likely to benefit and no local workers are likely to be used. Instead, there would be a huge outflow of funds from Malaysia.
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