PETALING JAYA: The 350km Kuala Lumpur-Singapore high-speed rail (HSR) project is likely to be a reality after over two decades, given the commitment from both governments as well as viable public-private partnership (PPP) funding, said JP Morgan Research.
While skeptics point to Malaysian government fiscal stress as a deterrent for the project, the firm said it believed this could be overcomed as it would most likely be funded via PPP, and off the government balance sheet.
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