ON new years’ eve last year, Malaysia finally allowed the KL-Singapore High Speed Rail (HSR) project to be automatically terminated as both sides could not come to an agreement on certain changes that were requested by Malaysia.
These changes that could not have been agreed upon by both parties have been elaborated by Singapore’s Minister of Transport.
On Malaysia’s side, the Economic Affairs Minister Datuk Seri Mustapha Mohamad stepped up to explain the reasons behind, especially in relation to the setting up of AssetCo, which would have been responsible for the supply of the train system and operations of the network.