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Malaysia’s move that derailed the HSR - superadmin - 01-04-2021 PETALING JAYA: Malaysia’s proposal to remove the systems supplier and network operator of the high-speed rail (HSR) project, was the main sticking point that led to the collapse of the HSR deal with Singapore. Singapore’s Transport Minister Ong Ye Kung said they could not accept this “fundamental departure” from the original bilateral agreement. Speaking in Parliament today, he said that the removal of this assets company (AssetsCo) was Singapore’s main concern in discussions over Malaysia’s proposed changes to the project linking Jurong East and Kuala Lumpur. The HSR project was terminated after Malaysia allowed the bilateral agreement to lapse on the deadline of Dec 31, 2020 with both sides failing to agree on a number of proposed changes to the project. - More -