MyHSR Corporation
Sdn Bhd
A private company limited by shares is a class of private limited company incorporated under the laws of English law, England and Wales, Northern Irish law, Northern Ireland, Scots law, Scotland, certain Commonwealth of Nations, Commonwealth c ...
(MyHSR Corp) is a Malaysian company fully owned by the
Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance.
Lists of current ministries of finance
Named "Ministry"
* Ministry of Finance (Afghanistan)
* Ministry of Finance and ...
of Malaysia. It was set up to be the developer and asset owner of the terminated
Kuala Lumpur–Singapore High Speed Rail project (HSR) at Malaysian side, under the government's move to improve connectivity between the two countries, as currently traffic congestion is acute and far exceeds the capacity of the Causeway at
Johor Bahru, with the current infrastructure provisions.
The primary objective for the construction of the HSR is to reduce the travel time between
Kuala Lumpur
, anthem = ''Maju dan Sejahtera''
, image_map =
, map_caption =
, pushpin_map = Malaysia#Southeast Asia#Asia
, pushpin_map_caption =
, coordinates =
, sub ...
and
Singapore to 90 minutes by strengthening the link between two of
Southeast Asia
Southeast Asia, also spelled South East Asia and South-East Asia, and also known as Southeastern Asia, South-eastern Asia or SEA, is the geographical United Nations geoscheme for Asia#South-eastern Asia, south-eastern region of Asia, consistin ...
's most vibrant and fast-growing economic engines. In addition, the HSR presented an opportunity to open up and rejuvenate smaller cities in Peninsular Malaysia by connecting them to the two major metropolises.
HSR projects
*
Kuala Lumpur–Singapore High Speed Rail
Chronology
*9 April 2015 - MoF seeks RM10m for wholly owned unit MyHSR Corp.
*13 April 2015 - RM38.4b high-speed rail project approved.
*18 April 2015 - Cost-sharing likely for HSR.
*20 April 2015 - MyHSR Corp to oversee high-speed project.
*24 April 2015 - Malaysia approves US$10.6 billion high-speed rail project and the establishment of MyHSR Corp.
See also
*
Planned high-speed rail by country
*
Kunming–Singapore Railway
References
External links
*
SPADPrasaranaMRT Corp
2015 establishments in Malaysia
Government-owned companies of Malaysia
High-speed rail in Asia
Proposed rail infrastructure in Malaysia
Privately held companies of Malaysia
{{Malaysia-rail-transport-stub