🚅Mahathir to scrap Malaysia-Singapore high-speed rail project
KUALA LUMPUR: Malaysia’s Prime Minister Mahathir Mohamad said he will cancel a proposed multibillion-dollar high-speed railway link to Singapore, as the new leader who returned to power in a surprise election upset this month seeks to rein in expenditure.
The scrapping of the plan will take time as it requires negotiation with Singapore, Mr Mahathir told reporters in Kuala Lumpur on Monday.
The Prime Minister’s Office in Singapore and the city-state’s Ministry of Transport didn’t immediately respond to emails and phone calls seeking comments.
The decision would deal a setback to construction and rail companies in Asia, including those from China and Japan, that are keen to gain a slice of orders.
Bangkok Post: news