Malaysia and Singapore on Friday said they would terminate a plan for a multi-billion-dollar high-speed rail project after protracted talks failed to break a deadlock over Kuala Lumpur’s demands for changes to a blueprint first approved in 2016.
As a result of the cancellation, the Malaysian government of Prime Minister Muhyiddin Yassin is liable to pay Singapore a hefty termination fee, reportedly more than US$75 million.
World Politics News reported in September, 2018 that the Malaysian government announced a delay in the project, due to a bad economy in the region.
Pictured: Malaysian Prime Minister Muhyiddin Yassin
Pictured: Malaysian Prime Minister Muhyiddin Yassin
[FULL STORY HERE]
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