ADDED COSTS MAY HALT HIGH-SPEED RAIL PROJECT
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