"KL-Singapore High-Speed Rail formally postponed; service targeted to start by Jan 2031
PUTRAJAYA: Singapore and Malaysia have formally agreed to postpone the construction of the KL-Singapore High-Speed Rail until end-May 2020, with Malaysia having to pay Singapore S$15 million for costs incurred in suspending the project.
In a joint statement released on Wednesday (Sep 5), both countries said the HSR express service is now expected to start by Jan 1, 2031, instead of the original commencement date of Dec 31, 2026.
At a news conference after the signing, Mr Azmin said Malaysia will have to pay Singapore S$15 million in abortive costs before the end of January 2019 for suspending the project.
The Singapore Government had spent more than S$250 million on the project by the end of May this year, said Mr Khaw in July. This included costs for consultancies to design the civil infrastructure, costs for dedicating manpower to oversee and deliver the project and costs for land acquisition."
All the tough talking by both sides unofficially were silly as far as i m concerned. Sure for those who like drama n believing in conniving so-called negotiation tactics will defend these antics to their very ends. Yet, it is only the OFFICIAL agreement that matter!!
SGD15m vs cost "incurred" if Sgd250m claimed by Mr Khaw Boon Wan seems too little. It turns out DPM Teo said it includes "land acquisition costs" n since we still hv the land, there is no need to make Msia pays for it now!! Good gesture indeed though some may still question how can u count them as "incurred" as the land acquired still has value for other uses.
Anyway, good to hv a conclusion.
Let's move to the Water Agreement. Or NOT!?
PUTRAJAYA: Singapore and Malaysia have formally agreed to postpone the construction of the KL-Singapore High-Speed Rail until end-May 2020, with Malaysia having to pay Singapore S$15 million for costs incurred in suspending the project.
In a joint statement released on Wednesday (Sep 5), both countries said the HSR express service is now expected to start by Jan 1, 2031, instead of the original commencement date of Dec 31, 2026.
At a news conference after the signing, Mr Azmin said Malaysia will have to pay Singapore S$15 million in abortive costs before the end of January 2019 for suspending the project.
The Singapore Government had spent more than S$250 million on the project by the end of May this year, said Mr Khaw in July. This included costs for consultancies to design the civil infrastructure, costs for dedicating manpower to oversee and deliver the project and costs for land acquisition."
All the tough talking by both sides unofficially were silly as far as i m concerned. Sure for those who like drama n believing in conniving so-called negotiation tactics will defend these antics to their very ends. Yet, it is only the OFFICIAL agreement that matter!!
SGD15m vs cost "incurred" if Sgd250m claimed by Mr Khaw Boon Wan seems too little. It turns out DPM Teo said it includes "land acquisition costs" n since we still hv the land, there is no need to make Msia pays for it now!! Good gesture indeed though some may still question how can u count them as "incurred" as the land acquired still has value for other uses.
Anyway, good to hv a conclusion.
Let's move to the Water Agreement. Or NOT!?
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