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Singapore government warns of scams involving high-speed rail project

The Land Transport Authority (LTA) has warned the public of scammers using the KL-Singapore high-speed rail project to dupe victims into paying money for “investments” into the project.

With hashtags #ScamAlert #Spreadtheword and #Beware, LTA said in its post (below) on Facebook put up on 11 October 2017, that scammers have presented fake contracts, bonds and construction drawings – claiming they were issued from either Singapore or Malaysia in order to prey on unsuspecting victims.

“If anyone with such documents contacts you to request for a transfer of money, please make a police report immediately,” the LTA said. Read the full post here:

Land Public Transport Commission (SPAD) chief executive officer Mohd Azharuddin Mat Sah said in September this year, that the project is expected to deliver significant socio-economic benefits to both Malaysia and Singapore, through a comprehensively inclusive plan.

Mat Sah added, the project will be a “game-changer” to “pull isolated regions closer, spur growth and development and help several towns along the way and unleash their hidden potentials by making them highly accessible.” This also includes substantially increasing the number of travellers across the two countries, according to a report by Bernama.

The 350km high-speed rail will look to reduce travel time between the two cities to 90 minutes, and is estimated to be operational by the end of 2026. The project is expected to contribute RM21 billion in gross domestic product (GDP) to Malaysia and Singapore, as well as create 111,000 jobs by 2060.

(Photo courtesy: Land Transport Authority, Singapore)

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