Written by Ashley Koh

After announcing his intention to scrap the high-speed rail (HSR) project that would connect Kuala Lumpur to Singapore, Dr Mahathir Mohamad softened his stance, saying the project has merely been postponed (stop playing with my feelings Dr Mahathir). He explained that the HSR’s projected cost of RM110 billion (S$37 billion) was too expensive, revealing that Malaysia’s debt has worsened to more than RM1.09 trillion. Naturally, Mr Najib criticized the move to postpone the project, citing the potential loss of RM650 billion in Gross National Income and some 442,000 employment opportunities. Singapore isn’t particularly happy either. Transport Minister Mr Khaw mentioned that if the project were to actually be terminated, Singapore would exercise its rights for compensation of about RM500 million.

Leave a Reply

Your email address will not be published. Required fields are marked *