Malaysia and Singapore have agreed to suspend the high-speed rail project, which links the Malaysian capital, Kuala Lumpur, and Singapore, until December 31, in order to allow the opportunity to consider making changes .
According to Arabia Net, analysts estimate that the cost of the project, announced by the two neighboring countries in 2013, will amount to about $ 17 billion, but they are trying to renegotiate Preliminary agreement terms.
Malaysian Minister of International Trade and Industry Mohamed Azmin Ali said the government of Malaysia and the government of Singapore have agreed to resume discussions on the infrastructure project for the high-speed rail line between Kuala Lumpur and Singapore in the near future. .
He added in a statement that the discussions will include some proposed changes in the commercial and technical aspects of the project.
For its part, the Ministry of Transport in Singapore said in a separate statement that it has agreed to a final extension and is looking forward to receiving Malaysia's official proposal regarding the changes soon.
Singaporean Minister of Transport Ko Bon Wan, on Facebook today, said the extension should allow sufficient time for Malaysia to clarify its proposal and for the parties to assess the implications of the proposed changes.
He added the most important thing was the shared commitment to project vision and mutual trust. But the high-speed train is a complex project and the parties must be convinced that the changes do not undermine the original goal of the project.
