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🚄 Opinion: High-Speed Rail Project: On the Brink of a Breakthrough? In 2021, plans for a new high-speed rail project were scrapped. Since then, the government has wrapped up the initial inquiry phase, and they're on the verge of deciding whether to restart construction. Public opinion is sharply divided on this issue, as follow: #Concerns: Some experts are cautious, focusing on the economics—high initial costs and the challenge of achieving financial viability without ongoing government support. They highlight the importance of careful planning to avoid potential financial pitfalls associated with large-scale infrastructure projects. #Support: Others are enthusiastic about the potential economic boost and skill development opportunities that could come from such a monumental project. They argue that benefits like enhanced transportation integration, urban-rural connectivity, and regional cooperation could outweigh initial costs. Government Stance: Since 2022, the unity government has been clear (or not?): it supports private-sector involvement but is not committing public funds for construction costs. The door is open, however, for discussions about possible financial incentives or support measures that could help make the project feasible. The Broader Impact: Beyond the tracks, the high-speed rail could reshape local economies and communities. The real value might lie in how it transforms surrounding areas, providing new opportunities for growth and development. It’s crucial we consider all stakeholders—ensuring the project not only advances technological and economic fronts but also aligns with community needs and sustainability goals. Let’s keep the dialogue open and constructive. The goal? A high-speed rail that benefits all, driving progress without leaving anyone behind. #HighSpeedRail #Infrastructure #EconomicDevelopment #Sustainability #PublicPolicy https://lnkd.in/ghcY2TeP

Malaysia revives 'ambitious' high-speed rail plan amid hurdles

Malaysia revives 'ambitious' high-speed rail plan amid hurdles

asia.nikkei.com

Isaac Hung

VP ,Partnership and Funding @ IdealZ International Business Advisory and Funding

5mo

Good for Malaysia.

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