Asia’s rail link needs more money
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ASEAN countries involved in the project gave an update at their latest meeting in Singapore, adding that they would be seeking more international investor interest, ChannelNews Asia reported.
In Cambodia, the missing link between the towns Sisophon and Poipet is expected to cost US$73 million and will be completed in three years.
Four rail links in Vietnam are being built or upgraded with rails replaced, and bridges and signal systems modernised. They are estimated to cost US$965 million.
Over in Thailand, one out of the three projects to build missing links is finished.
Construction has not started on the other two links; one is subject to a technical study, whereas a feasibility study has been submitted to the authorities for the other.
The Singapore-Kunming rail project is estimated to cost more than US$2 billion.
So far, the Asian Development Bank, Chinese and French governments are funding part of the project.
The meeting also raised the issue of the high speed rail link between Singapore and Malaysia but no new developments were announced, the report said. Malaysian officials were quoted saying that the proposer of the project, Malaysia’s YTL Corporation, is carrying out studies into the engineering aspects and land acquisition for the project.
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