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Malaysia’s New Leader Spikes Big Bullet Train Project

Malaysia's new Prime Minister Mahathir Mohamad speaks at a press conference on May 28. Photo: VCG
Malaysia's new Prime Minister Mahathir Mohamad speaks at a press conference on May 28. Photo: VCG

*Prime Minister Mahathir Mohamad canceled the Kuala Lumpur-Singapore High Speed Rail project amid a reassessment of the country’s mega projects, which he said do not benefit the economy

*A consortium of Chinese companies led by China Railway Corp. had planned to bid on the 350-kilometer (217-mile) project, which was thought to be worth around $17 billion

 

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