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Malaysia compensates Singapore S$102.8m after HSR termination

Singapore

MALAYSIA has paid Singapore S$102.8 million in compensation following the termination of the Kuala Lumpur-Singapore High Speed Rail (HSR) project, both governments said in a joint statement on Monday.

This includes reimbursement for costs incurred for the project's development, as well as payment in relation to the earlier extension of the project's suspension.

"The two countries reached an amicable agreement on the amount following a verification process by the government of Malaysia," said...

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