Kuala Lumpur-Singapore high-speed railway postponed for two years

Kuala Lumpur-Singapore high-speed railway postponed for two yearsMalaysia and Singapore agreed to postpone the development of a high-speed rail service between the two countries by two years, Malaysian business weekly The Edge reported on September 1.

According to the paper, both countries agreed to postpone the project to May 31, 2020 at no penalty for either in order to allow Malaysia time to review its finances as Southeast Asia’s third-largest economy, is currently reviewing all mega projects initiated by the previous government to cut its massive debt.

A senior Malaysian minister on September 3 confirmed the sides have agreed to postpone the project at no penalty, and that details would be made clear when a new agreement is signed soon.  

Malaysia’s Prime Minister Mahathir Mohamad declared his intention to cancel the project just weeks after leading his coalition to victory in a general election in May, saying it should at least be made “more affordable.”

Singapore’s Ministry of Transport declined to comment, referring queries to a Facebook post by its minister, Khaw Boon Wan, in which he said a decision would be announced “soon”.  In July, Singapore said it would seek to recover over $182 million in costs incurred to date should Malaysia cancel the project.

Mahathir said earlier Malaysia would look to negotiate a deferment of the project to reduce any burden of compensation.



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Malaysia and Singapore agreed to postpone the development of a high-speed rail service between the two countries by two years, Malaysian business weekly The Edge reported on September 1. According to the paper, both countries agreed to postpone the project to May 31, 2020 at no penalty for either in order to allow Malaysia time to review its finances as Southeast Asia’s third-largest economy, is currently reviewing all mega projects initiated by the previous government to cut its massive debt. A senior Malaysian minister on September 3 confirmed the sides have agreed to postpone the project at no penalty, and...

Kuala Lumpur-Singapore high-speed railway postponed for two yearsMalaysia and Singapore agreed to postpone the development of a high-speed rail service between the two countries by two years, Malaysian business weekly The Edge reported on September 1.

According to the paper, both countries agreed to postpone the project to May 31, 2020 at no penalty for either in order to allow Malaysia time to review its finances as Southeast Asia’s third-largest economy, is currently reviewing all mega projects initiated by the previous government to cut its massive debt.

A senior Malaysian minister on September 3 confirmed the sides have agreed to postpone the project at no penalty, and that details would be made clear when a new agreement is signed soon.  

Malaysia’s Prime Minister Mahathir Mohamad declared his intention to cancel the project just weeks after leading his coalition to victory in a general election in May, saying it should at least be made “more affordable.”

Singapore’s Ministry of Transport declined to comment, referring queries to a Facebook post by its minister, Khaw Boon Wan, in which he said a decision would be announced “soon”.  In July, Singapore said it would seek to recover over $182 million in costs incurred to date should Malaysia cancel the project.

Mahathir said earlier Malaysia would look to negotiate a deferment of the project to reduce any burden of compensation.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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