8/6/2023 0 Comments Korean supergirl sg project![]() Since the tender will open in the 4th quarter of this year, Korean government is now supporting to prepare for a competitive financial packages suitable for this project and set up the competitive grand HSR consortium by recruiting various global companies. So far, the Speaker of National Assembly, Minister and Vice Minister of Land, Infrastructure and Transport have expressed desire to join the bid for HSR during their visits to Malaysia. Korea has formed a consortium in October 2015 to join the KL-SG HSR project and so far it has been actively promoting its technology by organizing a number of technology exchange events with SPAD and MyHSR, and also opened this KTX Showroom in November 2015. #3 Please tell us about Korean government’s intention towards this project. The Korean consortium will be establishing a cooperation network with local companies to conduct detailed on-site study, device plan for technology transfer and financing ahead of the project bidding process. Currently, the consortium is working on the establishment of the optimized business model for KL-SG HSR project. In July 2016, the consortium was restructured based on AssetsCo and InfraCo business model after the MoU between Malaysia and Singapore was announced. Korean Consortium for KL-SG HSR project was set up in October 2015 by the government investment body Korea Rail Network Authority (KRNA) and major private companies including Hyundai Rotem and Hyundai Construction. #2 How is Korea getting ready for the HSR project? What are the future plans? That is why after the first Gyeongbu HSR was built, Korea continued to build more HSR links like the latest Honam HSR and it is now also looking to build faster trains.īased on Korea’s experience, I believe it is very timely for Malaysia to promote the HSR project and it will definitely serve as a momentum to contribute to Malaysia’s economic development. HSR reduced people’s travel times to less than 2 hours, boosted the local economy surrounding the major railway station areas and largely strengthened the technology of related industries. ![]() However, nobody argued about the feasibility of HSR anymore after the HSR was completed, because the HSR has largely improved Korean people’s quality of life. Some said that we should scrap HSR and save costs by building new highways instead, and some suggested that we should just expand the existing railways. Korea also faced many political debates during the initial stage of HSR project and opposition voices rose too, mainly among the NGOs. Compared to Korea which launched the HSR project in 1992, it is hard to say that Malaysia is not prepared for this project looking at its social-economic foundation. From my point of view, I think the construction of HSR is very timely for Malaysia to achieve Vision 2020 and I believe Malaysia will definitely benefit from this investment. Of course, there can be different views about the method and timing of the investment. Investment in transport infrastructure is very important as it serves as a country’s long-term growth driver. Do you think this mega-sized project is really needed? #1 Some people are opposed to the construction of KL-SG HSR.
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