High-speed rail as catalyst for regional growth | The Malaysian Insight

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High-speed rail as catalyst for regional growth

THE decision on the high-speed rail project linking Kuala Lumpur, Selangor, Negri Sembilan, Malacca, and Johor to Singapore has beenuntil the end of the year. This will be the last extension for Malaysia and Singapore to finalise technicalities before the project launch.

The HSR system is not only a faster and more convenient mode of medium and long-distance travel but a catalyst for urban development and trade growth, as seen in several countries.that began in 2012 and completed in 2017 has created 14,000 jobs, generated €1.6 billion in production, with added value of €755 million in the three regions., the GDP of the region increased 8.5% faster than before the infrastructure was built.

Due to the immediate and long-term benefits, the United Kingdom has just launched its second HSR project known asIn Southeast Asia, the two countries currently developing HSR are Thailand and Indonesia.

 

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