YTL Group-Tabung Haji JV Selected as a Project Delivery Partner (PDP) for Kuala Lumpur-Singapore High Speed Rail Project
- Kuala Lumpur
Tan Sri Dato' (Dr) Francis Yeoh Sock Ping, CBE, FICE, Managing Director of YTL Corp and Director of YTL THP JV, said, "We are deeply passionate about this project, having explored the concept of a high-speed rail service to facilitate seamless travel between Kuala Lumpur and Singapore since the 1990s.
We are excited that the project is now coming to fruition and strongly believe that it will be transformative – connecting communities in Malaysia and Singapore – whilst playing a critical role in our country's uture economic growth as a vital component of the country's blueprint to develop world-class rail infrastructure. We wish to thank MyHSR Corp and the Government of Malaysia for their confidence in granting us the opportunity to participate in the KL-SG HSR Project".
Datuk Seri Johan Bin Abdullah, Chief Executive Officer of Tabung Haji, said, "Tabung Haji's participation in this venture would very well fit into our investment strategy that provides benefit to more than 9 million depositors of the fund. Tabung Haji and the YTL Group have a long standing partnership spanning more than 20 years, having together built the Express Rail Link project that connects Kuala Lumpur International Airport and klia2 to KL Sentral. Our partnership has successfully harnessed the capabilities and resources of both companies as we are driven by a common vision of creating long-term progress and economic growth in Malaysia. The ERL, having served more than 87 million passengers since 2002, exemplifies this vision, and our combined experience in rail projects has uniquely positioned us to successfully win and deliver the KL-SG HSR Project"....