Japan is all set to bid for the Kuala Lumpur-Singapore HSR (High-Speed Rail) contract by offering an inclusive financial package and other offerings to make the package look attractive. Japan is eyeing three local universities as partners to set up a training centre in Malaysia to produce skilled manpower, so that they can start the operations by themselves from Day One, if it wins the bid. Japan is also offering a comprehensive financial package that will help the two nations reduce their financial burden in introducing the system. This offering is set to benefit Malaysian and Singapore companies including small and medium enterprises. The project, worth between RM50 billion and RM60 billion, will be functional by 2026. It is billed as Southeast Asia’s largest infrastructure project.
Reference link: http://www.bernama.com/bernama/v8/ge/newsgeneral.php?id=1431379