Japan offers Malaysia high-speed rail technology

July 25, 2013
Latest Update: July 25, 2013 08:05 pm

Japan today offered Malaysia technology to build a multi-million-dollar high-speed railway and other infrastructure, as its Prime Minister Shinzo Abe began a regional tour.

Abe's visit to Malaysia, Singapore and the Philippines is the latest of several trips he has made with business leaders since coming to power in December, aimed at drumming up infrastructure deals.

The 58-year-old premier hopes to strengthen ties with Southeast Asian countries, a region enjoying strong economic growth and a potential vibrant marketplace for Japanese products and investment.

"Malaysia and Japan agree to cooperate in high technology with Japan providing the technology in the construction of high-speed rail, water and waste treatment," Abe told reporters at a press conference with his Malaysian counterpart Datuk Seri Najib Razak.

Singapore and Malaysia announced plans in February to build the rail link, which would cut travel time for the 350km between the city-state and Kuala Lumpur by more than half to 90 minutes.

The target year for completion is 2020. The idea was mooted in the 1990s but repeatedly shelved, largely due to cost concerns.

The hawkish right-wing prime minister also said Tokyo would strive for "global peace and stability" and foster closer ties with Southeast Asia.

Abe and Najib also pledged cooperation in other areas, such as finance and security in the Malacca Straits, a once-pirate infested waterway separating Malaysia, Indonesia and Singapore. - AFP, July 25, 2013

Source: http://feedproxy.google.com/~r/tmi/news/allnews/~3/wCZyp1442pY/japan-offers-malaysia-high-speed-rail-technology

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