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Finance minister says he received offers to halve HSR cost

  • Jul 11, 2018
Finance Minister Lim Guan Eng said he has received offers to halve the cost of the Kuala Lumpur-Singapore High-Speed Rail project.Lim told The Straits Times that there was no formal proposal yet but such offers showed the exorbitant nature of the current plan initiated by the previous government, which is estimated at RM110 billion.Lim said "we have people offering we can cut (the price) by half" after Mahathir publicly floated the idea of cancelling the HSR project."We don't know whether that's
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Johor MB to meet Dr M over HSR, Batu Puteh

  • Jun 19, 2018
Osman Sapian says he will announce the state government's stand on the two issues after meeting the prime minister.He hopes to get some clarification from the prime minister.JOHOR BAHRU: Johor Menteri Besar Osman Sapian said today he hopes to meet Prime Minister Dr Mahathir Mohamad soon to discuss issues related to the proposed Kuala Lumpur-Singapore High-Speed Rail (HSR) and Pulau Batu Puteh.Osman said today he had written to Dr Mahathir on his intention of hopefully having the meeting next wee
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High-speed rail project postponed, not scrapped, says Dr Mahathir

  • Jun 12, 2018
PRIME Minister Dr Mahathir Mohamad has said he is merely postponing the high-speed rail (HSR) project with Singapore, softening his earlier intention to scrap the deal entirely.Dr Mahathir told Japan’s Nikkei Asian Review that Malaysia would benefit greatly from such a project.“There will be a need for a high-speed rail in the future, probably right through the peninsula. But we cannot afford it at this moment,” he said.“So, we actually postponed the implementation of the project.”Dr M
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Winners and losers in HSR cancellation

  • Jun 6, 2018
The RM110 billion HSR project has been scrapped, with the government saying its costs are too high and the benefits too low. The new government’s decision to cancel the Kuala Lumpur-Singapore HSR project will benefit airlines but cause losses to infrastructure firms involved.KUALA LUMPUR: Several top Malaysian firms involved in infrastructure works will take a hit with the cancellation of the Kuala Lumpur-Singapore High-Speed Rail (HSR) project, although airlines and related service indus
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S'pore says still waiting for clarification on HSR cancellation

  • Jun 1, 2018
Singapore says it is still waiting for clarification from Putrajaya regarding the cancellation of the Kuala Lumpur-Singapore high-speed rail (HSR) project."Singapore has requested the Malaysian government through diplomatic channels to clarify Malaysia’s position on the project."We have informed the Malaysian government that Singapore is continuing to incur costs on this project as it awaits Malaysia’s clarification."In the event Malaysia terminates the project, Singapore will study the impl
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Dr M: RM100b on HSR to create 100k jobs not efficient

  • May 30, 2018
Prime Minister Dr Mahathir Mohamad has rubbished claims that the Kuala Lumpur-Singapore High-Speed Rail (HSR) project would be a catalyst for job creation."You want to spend RM60 billion to RM100 billion so that 100,000 people can work, that is not very efficient," Mahathir said when met by reporters in Putrajaya tonight.He was asked to respond to former prime minister Najib Abdul Razak's comments on the HSR.Najib said the HSR would create 110,000 jobs initially, which would grow to 442,000 empl
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RM200b HSR loss – show proof, PM tells Rahman Dahlan

  • May 29, 2018
Prime Minister Dr Mahathir Mohamad has challenged former minister Abdul Rahman Dahlan (above) to show proof that at least RM200 billion will be lost if the Kuala Lumpur-Singapore High-Speed Rail (HSR) project is scrapped."Show the proof. When we said the country lost RM1 trillion, we had the papers, proof and documents to show that we lost (the money)."Why is he simply making claims? Ask him to show proof," Mahathir told reporters at Bukit Aman tonight after attending a buka puasa do with police
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Millions in penalty as Msia scraps HSR

  • May 29, 2018
Malaysia prepares to pay hundreds of millions in compensation as it confirms dropping the KL-Singapore HSR.http://demirakyat.live/news/1474
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S'pore not yet officially notified on HSR cancellation

  • May 29, 2018
Singapore has yet to receive an official notification from Malaysia on the plan to scrap the Kuala Lumpur-Singapore High-Speed Rail (HSR) project, said the republic’s Ministry of Transport today.“We had agreed to proceed with the HSR project based on mutual benefits and obligations set out in the HSR bilateral agreement. We will wait for official communication from Malaysia,” the ministry’s spokesperson said in an email reply to Bernama.Earlier today, Prime Minister Dr Mahathir Mohamad c
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PM confirms KL-S'pore HSR scrapped

  • May 28, 2018
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
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