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Malaysia, Singapore terminate high-speed rail link project

A multi-billion-dollar high-speed rail link between Singapore and Malaysia’s capital Kuala Lumpur has been terminated.
Malaysia, Singapore terminate high-speed rail link project ảnh 1Illustrative photo. (Source: theborneopost.com)

Hanoi (VNA) - A multi-billion-dollar high-speed rail link between Singaporeand Malaysia’s capital Kuala Lumpur has been terminated.

Malaysia had proposed several changes to the project but wasunable to reach an agreement with Singapore on them, according to a jointstatement from Malaysian Prime Minister Muhyiddin Yassin and Singapore PrimeMinister Lee Hsien Loong issued on January 1.

Malaysiawill have to compensate Singapore for costs already incurred, the Singapore TransportMinistry said.

First announced in 2013, the project linking Kuala Lumpur to Singaporehas been estimated by analysts to cost around 17 billion USD. The 350km-long projectis expected to reduce travel time between Singapore and Kuala Lumpur to around90 minutes by train, from the current 11 hours on existing train services./.
VNA
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