PUTRAJAYA – The government of Malaysia and Singapore had agreed to postpone the Kuala Lumpur – Singapore High Speed Rail (KL – SG HSR) until 31 May 2020.
Minister of Economic Affairs, Datuk Seri Mohamed Azmin Ali said, Malaysia would pay a deferment fee of SGD15 million (RM45.1 million) on January 2019.
He said, Malaysia had requested to postpone the project and its neighbouring country had agreed based on bilateral ties.
“Malaysia and Singapore remained committed to the HSR project.
“Malaysia is also confident to pursue the HSR project after 31 May 2020.
“Throughout the deferment period, both countries will continue to hold discussions to find ways to reduce the HSR project costs,” he said during a special press conference held at the Prime Minister’s Office today.
Also present at the joint press conference was the Singaporean Coordinating Minister for Infrastructure and the Minister for Transport Khaw Boon Wan.
Meanwhile, Khaw said, if Malaysia do not wish to continue with the HSR project after 31 May 2020, the Pakatan Harapan government had agreed to bear the compensation contained in the HSR agreement.
On 12 June, Prime Minister Tun Dr. Mahathir Mohamad said that the Kuala Lumpur – Singapore High Speed Rail (KL – SG HSR) project was only postponed and not scrapped as decided previously.
Earlier on 28 May, Mahathir announced that the government has decided to cancel the HSR project as it has no benefit besides involving a high cost.
Mahathir said, the high speed rail would only be effective if it covers a longer distance. – MalaysiaGazette