Most of the line - 335km of it - will be in Malaysia, with the remaining 15km in Singapore. The unilateral decision was made without the knowledge of the cabinet, as hinted at by transport minister Anthony Loke, and also caught joint venture partner Singapore by surprise. Najib said this is because the project was not created based on the decision of one country alone, but done after careful study on its benefits.
Mahathir, who was responding to a question about the ICJ challenge, said Malaysia had "already built structures" on Middle Rock.
"We welcome their patriotic attitude and express our gratitude to them", he said at a press conference after chairing a meeting of the Cabinet at Perdana Putra here.
In his latest press conference on May 30, Tun Dr Mahathir Mohamad announced that the government has chose to set up "Tabung Harapan Malaysia" (THM) or "Malaysian Fund of Hope" as a way for Malaysians to donate, for those who want to voluntarily ease the nation's burden.
He questioned the need for the project in the first place, saying "it is not going to serve any objective, it is not going to give us any returns".
The 1MDB fund accumulated billions in debts and is being investigated in the U.S. and several other countries. We will make no money at all from the operation. "If we break the agreement, we have to pay a very large sum of money".
Meanwhile, Public Investment Bank has downgraded Gamuda Bhd to "Neutral" at RM4.13 with a lower target (TP) price of RM4.30 (from RM6.20) due to market fears on the high speed rail (HSR) confirmed and the increasing uncertainties surrounding the toll concessions.
IOS 11.4 arrives with AirPlay 2, Messages in iCloud
AirPlay 2 is even "built throughout iOS ", so you can play music to select speakers right from Apple Music or the Home app. With iOS 11.4, Apple has finally released AirPlay 2 , and pairing support for HomePod speakers.
Ever since Our Finance Minister, Lim Guan Eng announced that we have over RM1 trillion national debt, Malaysians had been heartwarmingly offering ways to help pay off the debt in their own way.
"We are renegotiating the terms", Dr Mahathir said.
"We need to do away with some of the unnecessary projects, for example the high-speed rail, which is going to cost us RM110 billion ($27.6 billion) and will not earn us a single cent".
Najib said the project involved years of detailed research that proved it would bring social and economic benefits for both Malaysia and Singapore.
Singapore's government did not immediately have any comment on Dr Mahathir's reported vow to scrap the project.
The planned double-track link between the Malaysian capital city of Kuala Lumpur and Singapore was set to connect the two in 90 minutes with seven stations in Malaysia and one in Singapore.