Essay On High Speed Rail

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The Singapore and Malaysia high-speed rail line is also known as the Penang - Singapore High Speed Rail. It was approved by the Malaysian Prime Minister Najib on September 2010. The rail line aims to connect Penang, Kuala Lumpur Johor Bahru and Singapore together. The entire distance will be about 400km in total and it will take roughly 90 minutes to travel from one end to the other. The total cost of the construction is about 40 billion Malaysian Ringgit, equating to roughly 7.3 billion pounds.

For this question, I have assumed that evaluation in this context refer to an economic perspective. In order to evaluate, a cost-benefit analysis can be utilised. The cost and benefits that the high-speed rail might bring must be analyzed. Only when the benefits exceed the cost of the high-speed rail may the project be efficient enough to implement. In this scenario, the cost will include, infrastructure costs, operating costs, external costs and other costs.

Infrastructure cost is the most obvious cost, as constructing a rail line to such scale require enormous resources. Immediately we ...

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