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Singapore incurred over $250m so far for HSR project
https://sbr.com.sg/transport-logistics/news/singapore-incurred-over-250m-so-far-hsr-project
Singapore has now incurred over $250m of taxpayers’ money in building the high speed rail (HSR) project with Kuala Lumpur Transport as it awaits Malaysia’s decision on whether it wants to drop the project or not, Transport Minister Khaw Boon Wan said.
“We can recover value for some of the expenditure, even if the HSR Project does not proceed. But a significant amount which has been spent will be completely wasted expenditure, if the project does not proceed,” Khaw said in a parliamentary reply.
The minister added that Singapore incurred over $6m in June, another $6m in July, and will need to spend at least $40m more from August to end-December 2018.
https://sbr.com.sg/transport-logistics/news/singapore-incurred-over-250m-so-far-hsr-project
Singapore has now incurred over $250m of taxpayers’ money in building the high speed rail (HSR) project with Kuala Lumpur Transport as it awaits Malaysia’s decision on whether it wants to drop the project or not, Transport Minister Khaw Boon Wan said.
“We can recover value for some of the expenditure, even if the HSR Project does not proceed. But a significant amount which has been spent will be completely wasted expenditure, if the project does not proceed,” Khaw said in a parliamentary reply.
The minister added that Singapore incurred over $6m in June, another $6m in July, and will need to spend at least $40m more from August to end-December 2018.