The Malaysian and Singapore governments have agreed to postpone the development of the high speed rail (HSR) project, with a revised agreement expected to be signed soon. The Malaysian government had announced that the plan was to be deferred until the financial situation of the country improved. In May 2018, plans were announced to scrap the project due to Malaysia’s rising national debt. However, a unilateral cancellation would have forced Malaysia to compensate Singapore, which has spent more than $184.4 million on the project.
