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Economy

Malaysia, Singapore to sign MoU on high speed rail: report

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2016-07-14 15:03Xinhua Editor: Gu Liping

Malaysia and Singapore will sign a memorandum of understanding (MoU) on the long anticipated high speed rail linking the two countries, local media reported Thursday.

The signing will be witnessed by Malaysian Prime Minister Najib Razak and his Singaporean counterpart Lee Hsien Loong, according to a report by the New Strait Times.

The newspaper reported that the MoU will be followed by detailed negotiations, on areas such as planning, development, execution of the project and future operations, targeting a formal bilateral agreement by the end of the year.

The New Strait Times reported earlier that the project is expected to start in 2018. The proposed high speed rail is expected to cut the traveling time between the Malaysian capital and the city state to 90 minutes.

 

  

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