Plans to build a multibillion-dollar high-speed rail route linking Kuala Lumpur to Singapore have been scrapped due to high project costs, according to Malaysian press reports.
The US$2.6bn (MYR8bn) train project, proposed by Malaysian property and utility firm YTL Corp in 2006, would have seen trains travelling at top speeds of 217mph, cutting journey time from about seven hours to 90 mins.
But Malaysia's Economic Planning Unit, which helps implement key projects, has rejected YTL's plans due to the significant financial cost to the government, writes India's The Economic Times.
By staff writer
