KUALA LUMPUR (Dec 19): Tan Sri Muhyiddin Yassin has said Malaysia does not have to wait for Singapore to be involved in the high-speed railway (HSR) project, and mooted the set-up of a private consortium which will be responsible for the entire implementation of the project. "During my time as prime minister, we terminated the agreement with Singapore for the construction of the HSR on the basis of national sovereignty," the Bersatu president said in his speech at the party's annual general meeting. "The HSR agreement previously signed by the Barisan Nasional government had one-sided terms that can be said to violate our national sovereignty. These included Singapore's control over the AssetsCo which would operate the HSR in Malaysia," he said. Without the involvement of Singapore, Malaysia retains full control in the execution of the strategic infrastructure project, allowing the nation to make decisions in its interest without the involvement of foreign parties, Muhyiddin said.

Source: The Edge Markets December 19, 2021 14:58 UTC