Malaysian Economic Affairs Minister Mohamed Azmin Ali says his government's estimated US$27.1 billion (RM110 billion/S$37 billion) price tag for the Kuala Lumpur-Singapore High Speed Rail project includes hidden costs not revealed by the previous administration. Ali said the project was too costly as the country faced a national debt of US$246 billion. The previous administration under Barisan Nasional, which was defeated in the May 9 general election, had said the project would cost about $US17.7 billion.
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