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Singapore to seek $184 mil from Malaysia if HSR project derails

SINGAPORE says it has spent over S$250 million (US$184 million) for the high-speed rail (HSR) project with Malaysia and with the costs growing, the city-state would seek compensation if Kuala Lumpur decides to cancel the project, officials said on Monday. Malaysian Prime Minister Mahathir Mohamad has said he was cancelling the HSR project to link Kuala Lumpur with Singapore. He said Malaysia would talk to its southern neighbour about any compensation it had to pay. Singapore’s Foreign Minister Vivian Balakrishnan and Transport Minister Khaw Boon Wan said Malaysia had yet to officially inform Singapore of the decision. SEE ALSO: Is the KL-Singapore High-Speed Rail dream truly slipping away? “Should Malaysia cause the HSR project to be terminated, we will deal with the question of compensation from Malaysia for costs incurred in accordance with the bilateral agreement and with international law,” Balakrishnan told parliament. “The Singapore government has a duty to safeguard... If you wish to read this full breaking news headline article, Singapore to seek $184 mil from Malaysia if HSR project derails, simply click on 'Read full story' below, but 1st please give 'Phuket Hotel Deals' a 'LIKE' or 'SHARE' before you visit 'ASIAN CORRESPONDENT'. Thank you Singapore to seek $184 mil from Malaysia if HSR project derails

 

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