SINGAPORE — The Kuala Lumpur-Singapore High Speed Rail (HSR) project has been terminated, after both countries failed to reach an agreement on changes proposed by Malaysia by the deadline of Dec 31. ADVERTISEMENTThe statement said the Malaysian Government had proposed several changes to the HSR project in the light of the impact of the Covid-19 pandemic on the Malaysian economy. “Both Governments had conducted several discussions with regard to these changes and had not been able to reach an agreement. Therefore, the HSR Agreement had lapsed on 31 December 2020.”The statement said both countries will abide by their respective obligations, and will now proceed with the necessary actions, resulting from the termination of the HSR Agreement. Both sides then said they would announce further details on the HSR Project through a joint statement in due course.

Source: Philippine Daily Inquirer January 01, 2021 02:03 UTC