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Putrajaya's decision to scrap the Kuala Lumpur-Singapore High-Speed Rail (HSR) project is final, Dr Mahathir Mohamad has declared.
At a press conference today, the prime minister also said that he was informed that the penalty for withdrawing from the agreement is close to half a billion ringgit.
"This is a final decision, but it will take time because we have an agreement with Singapore.
"I am told it is almost RM500 million," he said, but added that he would confirm the exact compensation figure at a later date.
According to Mahathir, the HSR is not beneficial, as it only shortens the travel distance between Malaysia and Singapore by one hour, but would cost Malaysians a large sum of money.
At a press conference today, the prime minister also said that he was informed that the penalty for withdrawing from the agreement is close to half a billion ringgit.
"This is a final decision, but it will take time because we have an agreement with Singapore.
"I am told it is almost RM500 million," he said, but added that he would confirm the exact compensation figure at a later date.
According to Mahathir, the HSR is not beneficial, as it only shortens the travel distance between Malaysia and Singapore by one hour, but would cost Malaysians a large sum of money.
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- TV Saluran - TV Channel
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