Tok Pa: Compensation for HSR project should be below RM821mil, M’sia saves 30% without AssetsCo

Published on 5 Jan 2021 3:15:39 PM

Malaysia holds the view that the amount of compensation needed to be paid to Singapore for the termination of the Kuala Lumpur-Singapore High Speed Rail (HSR) project is much lower than S$270mil (RM821mil), said Minister in the Prime Minister's Department (Economy) Datuk Seri Mustapa Mohamed on Monday night in an interview.

He was referring to Singapore's Transport Minister Ong Ye Kung's remark that Singapore spent more than S$270mil on the project, including the costs for consultancy services and manpower.

Mustapa also said Malaysia could save about 30% if the services of the Assets Company (AssetsCo) are not used.

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Keywords
mustapa mohamed, ong ye kung, singapore, kuala lumpur, malaysia, hsr, high speed rail, termination, compensation, news

Keywords:
mustapa mohamed, ong ye kung, singapore, kuala lumpur, malaysia, hsr, high speed rail, termination, compensation, news