SINGAPORE (May 28): Malaysia’s newly-reinstated Prime Minister Mahathir Mohamad has vowed to scrap the Kuala Lumpur-Singapore high-speed rail (KL-SG HSR) project to curb unnecessary government spending, says an article published today by the Financial Times.

This comes less than two weeks after his return to parliament after ousting his predecessor Najib Razak, who succeeded Mahathir post his first stint as PM from 1981-2003.

Mahathir was reported to have told FT that the KL-SG HSR project would be dropped, as it was going to cost Malaysia an estimated RM100 billion ($33.7 billion)  and “will not earn us [Malaysia] a single cent”.

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