What are the mutual benefits Malaysia and Singapore expected from the HSR?

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Mutual Benefits of the Kuala Lumpur-Singapore High Speed Rail Project

Singapore believes the Kuala Lumpur-Singapore High Speed Rail (HSR) project would serve the mutual interests of both nations, encompassing economic advantages and fostering stronger ties between their populations. The Republic agreed to the HSR proposal, initially put forward by Malaysia in 2013, due to the conviction that it would yield significant benefits for Singapore.
Economic Advantages

The HSR project was anticipated to bring about economic benefits for both Malaysia and Singapore. While the specific economic advantages for Malaysia are not detailed in the provided context, the overarching belief was that the rail link would be mutually advantageous from an economic standpoint for the two countries.
Enhanced Friendship and Understanding

Beyond economic considerations, the HSR was envisioned as a means to strengthen the relationship between the two peoples. It was believed that a high-speed rail connection would foster greater friendship and enhance mutual understanding between Singaporeans and Malaysians.
Singapore's Continued Support and Obligations

Singapore has consistently maintained its support for the HSR project and has fulfilled all its obligations as stipulated in the bilateral agreement. The Republic has indicated that it will study the implications and exercise its rights, including seeking compensation for incurred expenses, should Malaysia decide to terminate the project. Singapore awaits clarification from the Malaysian government regarding its stance on the HSR.

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What are the mutual benefits Malaysia and Singapore expected from the HSR?

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