MOT: Malaysia says $15m remitted for deferred High-Speed Rail

An artist’s impression of Bandar Malaysia station as part of the Kuala Lumpur-Singapore High-Speed Rail project that has since been suspended.
An artist’s impression of Bandar Malaysia station as part of the Kuala Lumpur-Singapore High-Speed Rail project that has since been suspended.PHOTO: EDELMAN

Singapore's Transport Ministry said yesterday it has received confirmation from Malaysia, via diplomatic correspondence, that $15 million has been remitted for abortive costs incurred over the postponement of the High-Speed Rail (HSR) project.

Both countries agreed last September to suspend the project for about two years, and Malaysia agreed to reimburse Singapore $15 million by end-January. The abortive costs include monies Singapore has to pay contractors for terminating projects.

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A version of this article appeared in the print edition of The Straits Times on February 01, 2019, with the headline 'MOT: KL says $15m remitted for deferred HSR'. Print Edition | Subscribe