Cross-Border Railways Bill
- The Second Minister for Transport moved the third reading of the Cross-Border Railways Bill, noting that the Select Committee had considered five written representations and recommended textual and editorial amendments.
- The Committee proposed amendments to clauses 23 and 28 to allow transfer or assignment of contracts with the Minister’s approval, balancing government oversight and commercial viability.
- The amendments address industry feedback that original clauses could deter private financing by preventing the use of future cash flows as collateral for the Kuala Lumpur-Singapore High Speed Rail Assets Company.
- The Bill was passed after the Question was put and agreed to by the House.