Malaysia

Tok Pa changes tune on HSR compensation, says Malaysia likely to pay less than RM821 mil

Minister says amount is what city-state has spent thus far on the rail project

Updated 5 years ago · Published on 05 Jan 2021 9:11AM

Tok Pa changes tune on HSR compensation, says Malaysia likely to pay less than RM821 mil
Datuk Seri Mustapa Mohamed is changing his stance on revealing the amount Malaysia must pay in compensation to Singapore over the scrapped HSR project. – File pic, January 6, 2021

KUALA LUMPUR – In less than a day, Datuk Seri Mustapa Mohamed has changed his stance on the compensation reveal of the cancelled Kuala Lumpur-Singapore High-Speed Rail (HSR) project, saying Malaysia is expected to pay Singapore not more than S$270 million (RM821 million).

Just yesterday, the minister in the Prime Minister’s Department (economy) said the compensation to be paid by Malaysia cannot be disclosed as both countries have signed a non-disclosure agreement.

In an interview with Astro Awani last night, Mustapa had assured that the government would reveal the compensation amount owed to Singapore after it was finalised.

“The money used is taxpayers’ money, so the amount will be revealed.

“However, it has not been finalised, so the government will not make any announcements yet.

“It is subject to a confidentiality clause as well.

“I hope Malaysians can understand. I give my assurance that, once the compensation has been finalised, the government will make it known.”

He estimates the compensation should be less than S$270 million.

“The compensation should be lower than what Singapore had spent, which is SG$270 million.

“Singapore’s Transport Minister Ong Ye Kung told Parliament that the figure has several components.

“Some of these costs, such as for consultancy services, infrastructure design, and manpower to deliver the project, are abortive costs if the project does not proceed, but not for land acquisition, as the land value can be recovered,” Ong said yesterday.

Meanwhile, Mustapa said Malaysia is still interested in the HSR project, only that the current economic situation does not permit for it.

“The government is of the opinion that the HSR will bring great benefit to the country but we have to look into saving on costs and capital.” – The Vibes, January 6, 2021

Related News

Events / 1w

NestBloom steps up regional expansion with Malaysia entry 

World / 2w

Singapore launches world’s first data centre powered by living human brain cells

World / 3w

Former Singapore president now thinks twice about patting children after Roxy Square incident

Malaysia / 3w

S'pore driver involved in altercation with Malaysian policeman near Woodlands Checkpoint

Malaysia / 1mth

Play chess, not checkers: Why Negeri Sembilan matters

Malaysia / 1mth

Singapore: Chief Justice Sundaresh Menon to retire in Feb 2027, succeeded by Justice Sushil Nair

Spotlight

Malaysia

Jokes that hit below the belt: In the race for Malay votes, how far is UMNO willing to go?

By The Vibes Says

Malaysia

UMNO man says he’s prepared to apologise over ‘joke’

Malaysia

Loke proposes PH presidential council meet on ‘latest political developments’

Malaysia

Sabah leaders condemn priest and nun joke at UMNO PAU

Malaysia

DKU affirms that Tuanku Muhriz is the Yang di-Pertuan Besar of Negeri Sembilan

Business

Budget 2027 nears final stage with high-impact sectors in focus

Health

Respiratory disease ranks among Malaysia’s top three health burdens

Malaysia

High Court acquits student in Bandar Utama murder case on schizophrenia finding

Malaysia

PAS rejects UMNO call to test political ties through SG4 polls

You may be interested

Malaysia

Loke proposes PH presidential council meet on ‘latest political developments’

Malaysia

High Court acquits student in Bandar Utama murder case on schizophrenia finding

Malaysia

PKR women’s wing questions Zahid’s stance on political stability

By Alfian Z.M. Tahir

Malaysia

Businesswoman loses RM315,963 in fake projector tender scam

Malaysia

Malaysia nears Singapore in Southeast Asia fixed-internet streaming test

Malaysia

Former minister Jamil Khir claims trial over alleged RM860m TH asset disposal

Malaysia

Catholic Lawyers' Society condemns UMNO leader's derogatory remarks

Malaysia

Cement-filled barrel containing suspected human body found in Melaka