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More giant projects undertaken by BN, more leakeges in the budget

high speed train KL SG

Singapore is so happily to sign the agreement for high speed train with Malaysia because more black money from the project top-up will flow to Singapore.

Let wait and see the actual cost for KL-SG high speed train compared to RM 7 billion proposal by YTL in 2006.

It was reported in the FreeMalaysiaToday.com that the project cost is RM13 billion.

My bet is BN will jack up the cost to RM20 billion after the project completion through extraordinary charges and unexpected delay compensation. The sooner the BN be kicked out, the better for the rakyat.

Singapore, Malaysia to build high-speed rail link

Singapore and Malaysia are to build a high-speed rail link between the city-state and Kuala Lumpur with a target to complete it around 2020.

The deal was finalised in a meeting between Singapore’s Prime Minister Lee Hsien Loong and his Malaysian counterpart Najib Razak.

“This is a strategic development in bilateral relations that will dramatically improve the connectivity between Malaysia and Singapore,” said a statement issued after the meeting.

“It will usher in a new era of strong growth, prosperity and opportunities for both countries.

“It will facilitate seamless travel between Kuala Lumpur and Singapore, enhance business linkages and bring the peoples of Malaysia and Singapore closer together.”

The statement says the two leaders have tasked a joint ministerial committee to look into the details and implementation of the project.

KL-S’pore high-speed link proposal to be made soon
By RISEN JAYASEELAN

PETALING JAYA: A proposal for a high-speed train from Kuala Lumpur to Singapore using the magnetic levitation (maglev) technology will soon be submitted to the Government, industry sources said.

The sources also said the Government would soon appoint an international consulting firm to study the various proposals for the high-speed rail link to Singapore.

The maglev is the train system that links Shanghai’s Pudong airport with its financial district and was the first installation of its kind in the world.

The journey of 30km takes about seven minutes. The maglev train in Shanghai can reach speeds of up to 350km per hour in two minutes, although new generation trains being developed on this technology can go even faster, it is understood.

The maglev proposal will be competing with that of the conventional high-speed rail network, an idea first mooted by the YTL Group. Its technology partner then was said to be Germany’s Siemens, a global expert in high-speed rail technology.

The YTL proposal however did not get the green light, due in part to the high costs involved. But the concept of a high-speed rail link from KL to Singapore recently surfaced again. It was cited as a proposed “high impact” project in the Economic Transformation Programme (ETP) that was unveiled last month.

While there is no indication on costs involved, maglev’s proponents argue that it is a more suitable technology as it requires less maintenance, is safer and faster. The maglev system uses more electronics and essentially involves “non-contact electromagnetic levitation”. It has been operational for the last eight years in Shanghai and carried more than 20 million passengers without any accident.

“The technology is mature and commercially tested. Malaysia is in the market for alternative railway technology and could be the catalyst for maglev on the global map,” said a party familiar with the proposal.

According to maglev’s proponents, the technology has yet to take off in a big way in Europe where there is a wide rail network of conventional train systems.

“The huge existing track network of those countries, and parties that represent those vested interests, continue to support the 150-year-old wheel-steel technology,” said a source, adding that the conventional train technology had its limitations.

“The enormous weight of conventional trains is borne by its wheels.

“This requires precise routine maintenance, which is costly and requires tremendous skill and labour, which is not necessary in maglev trains, which are highly automated and do not even use wheels,” the source added.

The nkkhoo.com comment board with Facebook account.
Pritam says:

got a feeling before RAHMAN theory becomes a reality, the outgoing rent-seekers patrons are in a rush to launch many project$ with Red Dotter ?

nkkhoo says:

The outflow black money in 2010 is USD 20 billion.

I believe black money flows to red dot and Swiss will hit USD 30 in 2011 and 40 billion in 2012 to mitigate the political risk.

New law shall be passed to hang those corrupt people who steal more than 5 million ringgit if PR is marching to Putrajaya.

Pritam says:

Rafizi (who exposed Lembu Condo scandal) has publicly in his ceramah told ikan bilis of corrupted be-end folks not to worry as within 100 days in Putrajaya they are after the JAWS and will have big tanks for them at Sungai Buluh. Of course these ikan bilis will get immunity for providing important links to haul up the JAWS.

Say NO NO NO to corruptions.

nkkhoo says:

I am ok to forgive small fries, but the chance shall be given once and no more second chance afterward.

Pritam says:

I watched 2009 Hong Kong movie “I Corrupt All Cops” at Asto yesterday. It’s about how Hong Kong judiciary clean up corruptions 0f 60’s & 70’s. basically thet get ikan bilis to expose the bigger fish.
This should be the approach to clean (bersih) Malaysia very soon.
I recommend nkkhoo to watch this movie. Not sure the Chinese title but i undertand the movie via subtitles.

nkkhoo says:

I know how Hong Kong cleaned up corruption long long time ago.

They have to sent in Navy personnel to arrest corrupt public servants and policemen.

damien says:

pritam got see ‘singh is king’or not?

JB Heartlander says:

Lee Hsien Loong is put under pressure by its young citizens after wanting to increase the red dot density with 7 million population with foreign imports. Najib offered PAP government the Iskandar as a hinterland for Lee to house these imports to ease the congestion (of course in exchange for something, a subject for separate discussion if nkkhoo is brave enough to extrapolate). Now you know why rapid rail or MRT will be connecting Singapore (at a station near Republic Poly as claimed by Property Guru Ho Chin Soon) and JB (at Tanjng Puteri?) to facilitae the daily movement of Singapore workers (white and blue collar). nkkhoo should consider buying up JB’s property for investment as another Property Guru Gavin Tee has identified JB and Iskandar region as the next property hotspot. I am just doing the reminder as the property price in JB will shoot up to rival that in Penang. The net result could mean mass migration of malays up north away from southern Johor to seek cheaper kampung land. This unintended social reengineering may marginalise the malay population in Johor and should be a hot topic in the coming GE13. nkkhoo should further expound on this hypothesis, and claim the credit if the scenario becomes a reality!

nkkhoo says:

Friend, I have raised hundred issues already, this one is reserved for you.

I’m too fatigue to explore more political issues.

Pritam says:

NKKhoo & JB Heartlander,
Go for Iskandar properties now in range between RM300K & RM500K. Based on my experience living in Penang, if you are spot on you can retire like many in Penang provided bubbles don’t get burst before you sell off for profits.
I expect influx of Sporeans into Iskandar when MRT is ready.

nkkhoo says:

PR will revive the Iskandar project if BN is kicked out. Anwar dislikes kiasu PAP.

There is still political risk.

Kuanqiao says:

What is the benefits of this rail project to Singapore?
Air Asia and MAS will lose passengers to KTM?