SINGAPORE - The development of the Jurong Lake District may be adversely affected now that the Singapore-Kuala Lumpur High Speed Rail is unlikely to happen, say observers.
Malaysia's Prime Minister Tun Dr Mahathir Mohamad said on Monday (May 28) that Malaysia is pulling out of the HSR deal with Singapore. He had labelled it an "unnecessary project" which would cost "RM110 billion (S$37 billion) and will not earn us a single cent".
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