March 14, 2009 / 1:42 AM / in 10 years

Malaysia's YTL to revive bullet train project - report

KUALA LUMPUR, March 14 (Reuters) - Malaysia’s power-to-property conglomerate YTL Corp (YTLS.KL) is planning to revive a project to build a bullet train link between Singapore and Kuala Lumpur, a Malaysian newspaper reported on Saturday, citing unidentified sources.

YTL is collaborating with Siemens Malaysia Sdn Bhd, a unit of German electronics firm Siemens (SIEGn.DE), for the project that was shelved last year due to concerns it would be too expensive, the Edge financial weekly said, citing one of the sources.

The newspaper said the project cost was estimated at 8 billion to 11 billion ringgit ($2.2 billion-$3 billion). YTL did not immediately return a call seeking comment.

The revived project will seek to build the link along the coastline rather than the earlier proposal of building it along the existing track, the newspaper said. ($1=3.704 Malaysian Ringgit) (Reporting by Varsha Tickoo; Editing by Lincoln Feast)

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