- sign an agreement
- gross domestic product
Malaysia to ax high-speed railway to Singapore
KUALA LUMPUR, Malaysia (AP) － New Malaysian Prime Minister Mahathir Mohamad said on May 28 that he will cancel a plan to build a high-speed railway that would cut travel time between Kuala Lumpur and Singapore to just 90 minutes.
Mahathir said that the 350-kilometer rail project to be completed by 2026 is too costly.
The two countries signed an agreement in December 2016 to build the rapid rail line and dubbed it a "game-changer" that will boost connectivity and strengthen economic ties between the neighbors. Currently, it takes at least four hours to travel by car.
The new government has said it will review large-scale infrastructure projects to cut costs after revealing that national debt was equal to 80 percent of its gross domestic product.
Japan and China were competing over the railway project bid.