Bernama
14 Apr 2008
KUALA LUMPUR, April 14 (Bernama) -- The proposed multi-billion ringgit high speed train linking Kuala Lumpur and Singapore, which has received mixed reaction from the public, will face tough financial challenges as well as require government support to ensure its success.
Proponents point out that it will be a boon to the business community, the most likely major users of the service.
But with many priority areas requiring the government's attention and support, the question is whether the government should give it the green light and provide resources for it.
Deputy Prime Minister Datuk Seri Najib Tun Razak was firm on this matter Monday, stressing that any risk concerning the proposed "bullet train" project should be borne by the private sector and not have strong government funding.
"There is a proposal (on the project). But it has got to be a private sector initiative, it cannot be a project that has strong government funding. The risk has got to be carried by the private sector," he told reporters after attending a meeting with Barisan Nasional senators, MPs and state assemblymen here.
>>>> More
