Malaysia, Singapore team up on bullet-train project
Malaysia and Singapore signed an agreement on 18 July to build an ambitious high-speed rail link touted as a first for Southeast Asia that will knit the historically fractious neighbours more closely together. Authorities have yet to provide cost projections, but analyst estimates have been as high as $15 billion, a potential bonanza for foreign railway contractors, as well as other businesses expected to feed off ancillary developments related to the project. Authorities hope to get trains rolling by 2026.
