Home News Malaysia to bear costs if HSR delayed beyond 2020

Malaysia to bear costs if HSR delayed beyond 2020

Author

Date

Category

- Advertisement -

Malaysia Economy Minister Azmin Ali says Malaysia will have to pay S$15 million to Singapore by January 31, 2019.

“Malaysia to bear Singapore’s cost in the project if it does not proceed with the construction by 2020,” said the Malaysian Minister. 

He said suspending the project beyond 2 years risks pushing costs higher.  

Malaysia and Singapore have also agreed to defer until May 31, 2020 the construction of the high-speed rail link.

- Advertisement -

He also said the Malaysia, Singapore company will call off the ongoing tender. 

The new Malaysian government has been pressing Singapore on the HSR, attempting to renegotiate the deal which it said was not conducive to Malaysia’s economic situation.

The presser today will probably put an end to the intense speculation on the deal.

The HSR is now expected to start by Jan 31. 2031 contrary to the Dec 31, 2026 date. 

“Malaysia and Singapore will continue to discuss ways to cut the project cost,” Azmin said at a presser today in Putrajaya. 

But he said Singapore has agreed to suspend the construction of the HSR until May 31, 2020.

“Singapore has agreed to the suspension on Malaysia’s request,” said Azmin.

Send in your scoop to news@theindependent.sg 

- Advertisement -

Mixed reactions to Shanmugam’s promise to install ‘many more’ police cameras across Singapore

Singapore—Home Affairs and Law Minister K Shanmugam said in Parliament on Monday (March 1) that many more cameras will be installed in Singapore in addition to the 90,000 already located in public places such as car parks, neighbourhood centres and Housing...

‘Can we get a breakdown on those numbers?’ asks PSP’s Kumaran Pillai

Singapore — Progress Singapore Party's (PSP) Kumaran Pillai took to Facebook on Monday (Mar 1) to clarify his party's position. He made it clear the PSP did not want to close the Singapore economy but wanted a breakdown of the number...

Father tells daughter $650 monthly allowance is not enough and threatens to sue

  Bullied by her father who wants more money, a woman is asking how much children should give their parents once they start working. The post has gone viral. It was submitted to the anonymous confessions platform, the NUSwhispers Facebook page. NUSwhispers cannot...

Send in your scoop to news@theindependent.sg 

Theindependent