UNITED NEWS INTERNATIONAL (UNI) – Singapore will seek compensation from Malaysia over a joint high-speed railway project looming to be canceled.
Singapore’s Transport Minister Khaw Boon Wan told Parliament on July 9 the country had spent more than $192 million since the project got the green light in December 2016.
Malaysian Prime Minister Mahathir Mohammad said in May the project would be terminated because it was expensive and not beneficial to his country.
Khaw said Singapore sent a diplomatic note to Malaysia on June 1 seeking to confirm Mahathir’s statement but received no reply.
Malaysia is cutting costs to fix its $251 billion national debt, which was mostly caused by the 1Malaysian Development Berhad (1MDBD) investment fund scandal.
The high-speed railway project planned to connect Malaysia and Singapore to cut travel time to 90 minutes.