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    Potential Economic Impact of the Kuala Lumpur - Singapore High Speed Rail

    Hayakawa, Kazunobu; Isono, Ikumo; Kumagai, Satoru | July 2018
    Abstract
    The Kuala Lumpur–Singapore high-speed rail project (HSR) is an ambitious 350km rail project aimed at connecting and reducing the travel time between Kuala Lumpur and Singapore. Though the agreement to implement the project was signed in 2016, the fate of the project was cast into a limbo recently after the ruling coalition Barisan Nasional was decisively defeated in Malaysia’s 14th general election on 5th May 2018. Mahathir Mohamad, who became Malaysia’s prime minister for the second time but now leading the Pakatan Harapan coalition, first opined in an interview with the press that the HSR was unnecessary and would be dropped. However, in another press interview two weeks later, he clarified that the project was not scrapped but merely postponed. A key concern of the new government is that the economic benefit from the project does not commensurate with the cost of the project (estimated to be around US$13-15 billion). To date, very few details on the economic benefit of the project have emerged. In this essay, we provide some estimates of the potential long-term economic benefit from the HSR project. These estimates, which cover the project’s impact on overall economic activities, were derived using computer simulations.
    Citation
    Hayakawa, Kazunobu; Isono, Ikumo; Kumagai, Satoru. 2018. Potential Economic Impact of the Kuala Lumpur - Singapore High Speed Rail. © ISEAS Yusof Ishak Institute. http://hdl.handle.net/11540/8560.
    ISSN
    2335-6677
    Keywords
    Transport
    Transportation
    Trade
    Trade Facilitation
    Trade Potential
    Trade Development
    Trade Agreements
    Regional Trade Integration
    Regional Trade
    Finance And Trade
    Demand For Transport
    Road & Highway Transport
    Road Transportation Systems
    Transport Infrastructure
    Economic integration
    Energy
    Import volume
    Export volume
    Access to markets
    Economic agreements
    Trade financing
    Regional integration
    Vehicle
    Land transport
    Transport economics
    Railways
    Infrastructure
    Railroads
    Roads
    Trade routes
    Markets
    Economic goods
    Economic conditions
    New agricultural enterprises
    Consumer goods
    Road transportation
    Trucking
    Railroads
    Roads
    Trade routes
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/8560
    Metadata
    Show full item record
    Thumbnail
    ISEAS_Perspective_2018_40@50.pdf (1.038Mb)
    Author
    Hayakawa, Kazunobu
    Isono, Ikumo
    Kumagai, Satoru
    Theme
    Transport
    Trade
    Labor Migration
     
    Copyright 2016-2020 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2020 Asian Development Bank Institute, except as explicitly marked otherwise