Hidden cost in HSR makes it RM110 billion

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Minister of Economic Affairs, Datuk Seri Mohamed Azmin Ali said that the Kuala Lumpur – Singapore High Speed Rail (HSR) contained hidden costs which made the project to cost RM110 billion.
Minister of Economic Affairs, Datuk Seri Mohamed Azmin Ali said that the Kuala Lumpur – Singapore High Speed Rail (HSR) contained hidden costs which made the project to cost RM110 billion. PIX: SYAFIQ AMBAK / MalaysiaGazette / 17 JULY 2018

By Muhammad Azizul Osman

KUALA LUMPUR – Minister of Economic Affairs, Datuk Seri Mohamed Azmin Ali said that the Kuala Lumpur – Singapore High Speed Rail (HSR) contained hidden costs which made the project to cost RM110 billion.

During the Dewan Rakyat session today, Azmin said that the cost projection of HSR by the Barisan Nasional (BN) government was only RM55 billion.

“As what’s been mentioned as usual by (MP of) Ayer Hitam, the cost was RM55 billion. However, there were many hidden costs which the previous government did not disclose.

“Pakatan Harapan  (PH) is responsible in disclosing the total cost of this project. Therefore, if the project cannot be conducted due to the economic environment, thus, the government would ensure that all terms are fulfilled,” he said in reply to the questions by former Minister in Prime Minister’s Department, Datuk Seri Wee Ka Siong (BN-Ayer Hitam).

Earlier, during a question and answer session, Azmin answered Datuk Seri Dr. Ahmad Zahid Hamidi (BN-Bagan Datuk) that the priorities of the government is to ensure that all development projects would bring positive impacts to the economy.

He added, all development projects must be planned out in details, following a transparent principle with financial affordability and its ability to contribute to the economic development of the country.

“Based on the total cost calculations of the HSR project which amounted to RM110 billion, we found that the amount is too high for a 350 kilometres stretch.

“At this moment, the government is working to reduce the national debts which had reached RM1 trillion,” he added. -MalaysiaGazette

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