Malaysia’s new PM scraps Kuala Lumpur-Singapore high-speed rail

01 June, 2018, 04:12 | Author: Roderick Gutierrez
  • Image via The Malaysian Reserve

But he said Malaysia will discuss the matter with Singapore. "That will be dropped", the 92-year-old was quoted as saying to the Financial Times. But as of now, the decision has been made to cancel the project.

The newly-elected government is looking to reduce its commitment to major projects in a bid to trim Malaysia's national debt.

He also said that the Permata Early Child Education and Care Programme would be moved from the Prime Minister's Department to the Education Ministry.

More recently, Dr Mahathir's announcement that Malaysia is pulling out of the widely anticipated KL-Singapore High Speed Rail project has contributed to talk that the strained relations Singapore and Malaysia shared before Mahathir retired and came back might return.

Some Singaporean netizens have expressed disappointment by Malaysia's plans to axe the deal but they also appear to be empathetic to the reasons. "So one of the ways, of course, is to do away with projects that are not beneficial to the country".

While Malaysia is working out how much it is should compensate her neighbour for pulling out, observers say the loss of the rail connection will have far-reaching consequences for Singapore.

The new government has said Najib - now being investigated over his role in the 1MDB financial scandal - had over leveraged the country by committing to too many infrastructure projects at the same time.


The government is scrapping the third mass rapid transit line (MRT3) project, which is estimated to cost up to RM40 billion to build, Prime Minister Tun Dr Mahathir Mohamad said today.

"Although the forfeited amount, for breaking the project agreement with Singapore, is not small to give up, it will speak volumes about Singapore".

In a separate press conference on Wednesday, transport minister Anthony Loke said the planned cancellation would be subject to negotiations with Singapore.

However, Koh still hopes the HSR would link Kuala Lumpur and the republic and be extended to Malaysia's northern city of Penang.

The new government has said it will review large-scale infrastructure projects, including Chinese investment, to cut costs after revealing that national debt and liabilities was over a trillion ringgit ($251 billion), or 80 percent of gross domestic product, taking into account government guarantees and other payments.

Construction of the 350km line was slated to begin next year, with operations slated to have commenced in 2026.

That project is slated to open by 2024 and is viewed as crucial in easing congestion in one of the world's busiest land checkpoints.

Recommended:



Popular

Melania Trump blasts media, conspiracy theories on Twitter
Melania's admission to hospital came as a surprise, as there had been no public indication that she was unwell. She was notably absent from the Memorial Day wreath-laying at Arlington Cemetery earlier this week.

Afghanistan rocked by deadly attacks after USA airstrike kills Taliban leaders
He said the attackers set off a suicide vehicle bomb at the entrance to the station before three suicide bombers tried to enter. Both the ISIS affiliate and the Taliban have launched several attacks in Kabul in recent months, killing hundreds of people.

Harvey Weinstein charged with sexual offences
He was then charged with rape, a criminal sex act, sex abuse and sexual misconduct for incidents involving two separate women. In recent months, Manhattan District Attorney Cyrus Vance has come under enormous public pressure to make a criminal case.

English Premier League: Fabinho ticks every box for Liverpool and Klopp
Interestingly, the move was pushed through by his agency Gestifute who are owned by renowned "super agent" Jorge Mendes. The combo will be precious in Liverpool's style of play and for Klopp's aspirations next season.

Hamas says groups agree to Gaza ceasefire if Israel reciprocates
He told AFP that Gaza's rulers Hamas were also committed to it, though there was no immediate confirmation from Hamas or Israel. The flare-up is the biggest since Israel and Hamas, the militant Islamist faction that rules Gaza, fought a 50-day war in 2014.

Tesla In Autopilot Mode Crashes Into Police Car In SoCal
Cota also said that a year ago, there had been another incident involving a Tesla colliding with a semi-truck in the same area. The scene of the accident involving a Tesla vehicle running in autopilot mode in Laguna Beach, California on May 29th, 2018.

Daniel Ricciardo to Mercedes? Lewis Hamilton speaks out on rumours
But trouble suddenly struck for the 28-year-old with 50 of this 78-lap marathon race remaining when he reported a loss of engine power.

LeBron James won't forget his Dan Gilbert anger
Our defense was really solid. "It's what you play for, to be in a situation where you're one win away from going to the finals". Cavaliers coach Tyronn Lue said that amid all the upheaval with trades in and out, James had been a true leader.

Forecast: Alberto leaves clouds, rain in its wake for Tampa Bay
On Saturday, the National Hurricane Center called off the Tropical Storm Watch and Storm Surge Watch for the New Orleans area. The storm's remnants could reach Upstate by Wednesday night or Thursday, according to local National Weather Service offices.

Irish turn attention to parliament as abortion ban voted out
He said Saturday would be remembered as the day Ireland "stepped out from under the last of our shadows and into the light". Another demonstrator from Belfast said the Republic of Ireland was "giving a voice to women".