PUTRAJAYA, Jun 22 – Malaysia’s participation in the Railway Cooperation and Development Forum in Beijing, China on Monday was timely, said Transport Minister Datuk Seri Liow Tiong Lai. Liow in a statement Tuesday said the forum was organised in conjunction with Modern Railways 2016 and hosted by China Railway.
“During the event, I had the pleasure of meeting Yang Chuantang, Minister of Transport China and Lu Chunfang, Deputy General Manager of China Railway. Meanwhile, given the rail prospects within Asean, Malaysia’s participation in the forum was indeed timely,” he said.
“Transport infrastructure is a key driver of the Asean economy, and expenditure for the development of rail infrastructure in Asean alone is projected to be approximately US$119 billion (RM487.9 billion) by 2020. Malaysia’s rail sector has a burgeoning potential and the government is committed to support its continued growth,” he said.
“We have allocated RM160 billion towards the development of new railway lines, including the MRT project, the extension of LRT lines, as well as the Electrified Double Tracking Project linking Negri Sembilan to Johor. The Malaysia-Singapore High Speed Rail (HSR) was also in line with the Singapore-Kunming Rail Link which will link Asean nations to China, as part of the One Belt One Road initiative,” he said.
He said Malaysia certainly stands to benefit immensely from this initiative. About 200 participants from around the world participated in the forum which is the largest railway event in the Asia Pacific, featuring the latest in terms of railway technology, systems, equipment and more. The event brought together industry leaders as well as policy makers from China, Europe, USA and Malaysia onto a single platform that focused on the rail sector. — Bernama