Malaysian Prime Minister Mahathir Mohamad (centre) arrives at a press conference in Kuala Lumpur on Monday. (EPA-EFE photo)KUALA LUMPUR: Malaysia’s Prime Minister Mahathir Mohamad said he will cancel a proposed multibillion-dollar high-speed railway link to Singapore, as the new leader who returned to power in a surprise election upset this month seeks to rein in expenditure. The scrapping of the plan will take time as it requires negotiation with Singapore, Mr Mahathir told reporters in Kuala Lumpur on Monday. “It’s going to cost us a huge sum of money, we’ll make no money at all from this operation,” Mr Mahathir told reporters. Construction of the rail link would have cost Malaysia 110 billion ringgit ($28 billion), Mr Mahathir told FT.

Source: Bangkok Post May 28, 2018 12:11 UTC