Malaysia’s Economic Affairs Minister Mohamed Azmin Ali has confirmed that the country has reached an agreement with Singapore to postpone the High-Speed Rail (HSR) project to a future date without any compensation.
He recently met Singapore’s Minister of Transport Khaw Boon Wan twice in two weeks to discuss the matter.
Speaking to reporters on the sidelines of the Selangor state assembly’s opening session on Monday (Sept 1), Mr Azmin said: “After several discussions, the Singapore government has agreed to accept the views of the Malaysian government to defer the project for a period where we are confident that the Malaysian economy would improve by then.”
He added: “There’ll be no compensation to be paid during this deferment period and it has to be paid only if we cancel this project at the end of the deferment period.”
The timeline of the delay will be announced at a later date and the Malaysian minister said: “We want to continue this project because it gives economic benefit to both countries and the people. But in that period of postponement, we will discuss how to lower the project cost.”