ADDED COSTS MAY HALT HIGH-SPEED RAIL PROJECT

Southeast Asia Globe - - Agenda -

The Malaysian gov­ern­ment has said it must re-eval­u­ate whether it can af­ford to com­plete the coun­try’s high-speed rail­way project af­ter hid­den costs not re­vealed by the pre­vi­ous ad­min­is­tra­tion were brought to the fore. The cost pro­jected by for­mer Prime Min­is­ter Na­jib Razak’s Barisan Na­sional coali­tion was roughly $17.7 bil­lion, while the new ad­min­is­tra­tion has pegged the true cost to be closer to $27 bil­lion. The de­tails of the hid­den costs were not re­vealed, but the coun­try’s Eco­nomic Af­fairs Min­is­ter Mo­hamed Azmin Ali told par­lia­ment last month that the project may be too costly for the coun­try, which al­ready faces a bur­den of nearly $246 bil­lion in debt.

EMalaysia an­nounced plans to up­date its mass rail with a high-speedrail­way in 2010

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