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MyHSR Corp certain compensation will not be S$270 mil, expects claim from Singapore by end-Jan

KUALA LUMPUR (Jan 8): Malaysia is expected to receive the Kuala Lumpur-Singapore High-Speed Rail (KL-Singapore HSR) compensation claim from Singapore in the next few weeks. MyHSR Corporation Sdn Bhd (MyHSR Corp) chief executive officer Datuk Mohd Nur Ismal Mohamed Kamal, however, said the claim amount would need to be verified and agreed between the two countries. “Currently, we are still waiting for Singapore to submit the claim to us. Once it is submitted, we will do our due diligence to ensure that the claim is reasonable and can be verified,” he told a media briefing here, today. Earlier this week, Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed said Malaysia holds the view that the amount of compensation needed to be paid to Singapore for the termination of the HSR project is much lower than S$270 million (approximately RM820.76 million) incurred by Singapore.

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