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Economy

Malaysia, Singapore ink MoU on high-speed rail

1
2016-07-19 15:52Xinhua Editor: Gu Liping

Malaysia and Singapore signed a memorandum of understanding (MoU) Tuesday on the long-anticipated high-speed rail linking the two countries.

The signing was witnessed by Malaysian Prime Minister Najib Razak and his Singaporean counterpart Lee Hsien Loong, a significant milestone since the project was first announced in 2013.

The signing of MoU will be followed by detailed negotiations and officials say a formal bilateral agreement is expected to be signed by the end of the year.

Najib wrote on his blog on Monday that the high-speed rail will enhance people-to-people ties and improve business linkages between the two countries.

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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