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International relations

Malaysia, Singapore defer high-speed rail project until year-end

Singapore's Transport Minister Khaw Boon Wan and Malaysia's Minister of Economic Affairs Azmin Ali shake hands during a news conference after a High-Speed Rail signing ceremony at Putrajaya, Malaysia September 5, 2018   © Reuters

KUALA LUMPUR (Reuters) -- Malaysia and neighbouring Singapore said on Sunday they had agreed to suspend until Dec. 31 a high-speed rail (HSR) project between Malaysia's capital, Kuala Lumpur, and the city-state, to allow discussion of changes.

Analysts estimate the project, first announced by both nations in 2013, will cost about $17 billion, though the two have tried to renegotiate the terms of an initial pact.

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