Japan firms opt out of Malaysia-Singapore high-speed rail project

Economy

A number of Japanese firms have decided to drop their plans to get involved in a high-speed rail project connecting Kuala Lumpur and Singapore, government and company sources said Thursday.

The companies, including East Japan Railway Co., had hoped to utilize Japan’s shinkansen bullet train system in the project but they have decided it will be too risky without the local government’s financial support, said the sources including those at the Japanese and Malaysian governments.

The development could allow rival Chinese businesses to further solidify their footprint in infrastructure building i...

Kyodo News

Kyodo News