Malaysia is expected to sign a memorandum of understanding (MoU) with Singapore for the proposed High-Speed Rail (HSR) project linking both countries by the middle of 2016, said Prime Minister Datuk Seri Najib Tun Razak.
Estimated at a cost of RM40 billion (USD 10 billion), the 350km railway link, which was agreed upon between Malaysia and Singapore in 2013, will cut travel time between Kuala Lumpur and the island city-state to 90 minutes.
The project is scheduled to begin in 2017, with completion targeted at 2022. It is one of the mega infrastructure projects under the 11th Malaysia Plan (11MP).
Najib said development projects under 11MP would remain unaffected, although the Government had to revise Budget 2016 and cut spending in response to weak global crude oil prices.
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