SINGAPORE (Oct 6): The 350km high speed rail (HSR) that will link Kuala Lumpur and Singapore is expected to cost between $20 billion and $25 billion to build, estimates the Institute of Southeast Asian Studies (ISEAS).

In 2006, YTL Corp had proposed that building the HSR will cost about $27 billion, says ISEAS senior fellow Francis E Hutchinson.

Speaking at the Affin Hwang Capital Conference in Kuala Lumpur on Thursday, Hutchinson adds, “And then when the government’s Pemandu (Performance Management and Delivery Unit) did their own analysis via a series of labs, it was then revised to around $5.5 billion. Now the latest I have heard is around $20 billion to $25 billion.”

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