'Attempt to remove joint-tender entity key reason for aborted KL-S'pore HSR'

Malaysia's attempt to remove the assets company (AssetsCo), which would have required it to be jointly-tendered with Singapore, was the main stumbling block to the Kuala Lumpur-Singapore High Speed Rail (HSR) project.

Singapore's Transport Minister Ong Ye Kung (photo, above) told the city state's Parliament today that the removal of AssetsCo was Singapore's main concern when Malaysia proposed changes to the project, according to Singapore daily The Straits Times.

Ong said the AssetCo would have ensured accountability to both countries...