PUTRAJAYA: Malaysia and Singapore have agreed to suspend the construction of the High-Speed Rail (HSR) until May 2020 and will reimburse the republic S$15mil (RM45.1mil), says Datuk Seri Azmin Ali.
The Economic Affairs Minister said the amount is to be paid by January 2019, as stated in an agreement to amend the HSR bilateral agreement.
The terms were drawn out based on a new understanding between the new Pakatan Harapan administration and Singapore.
In the event that the project does not proceed after the end of the suspension date, Malaysia will have to reimburse Singapore costs incurred in fulfilling the HSR agreement.
This cost, however, has yet to be determined, said Datuk Seri Azmin Ali.
