Malaysia pays $76.3 mln to Singapore for termination of high speed rail project

Reuters2021-03-29

KUALA LUMPUR, March 29 (Reuters) - Malaysia has paid S$102.8 million ($76.30 million) to Singapore for the termination of a high speed rail project between the two countries, they said in a joint statement on Monday.

The payment includes reimbursement to Singapore for the costs it incurred for the development of the project, the statement said.

($1 = 1.3474 Singapore dollars)

(Reporting by A. Ananthalakshmi; Editing by Martin Petty)

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Comments

  • JPUA
    2021-03-29
    JPUA
    Such a waste.
  • Alfred1007
    2021-03-29
    Alfred1007
    Sigh....[暈] [暈] 
  • 要拼才会赢哥
    2021-03-29
    要拼才会赢哥
    Will next government change their mind..?
  • wishingstar
    2021-03-29
    wishingstar
    Probably spore also losing some $$, only a much smaller amount. 
  • YLim
    2021-03-29
    YLim
    Money
  • TJW1991
    2021-03-29
    TJW1991
    Malaysia boleh
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