The price of the RM120 billion High-Speed Rail project that would link Kuala Lumpur and Singapore had been inflated due to “many corrupt elements”, said Economic Affairs Minister Mohamed Azmin Ali.

Nonetheless, Malaysia will be able to resume the project at a lower cost in two years, at a time Malaysia is facing fewer financial constraints, he said.

“We know the project is good and will be able to link two neighbouring countries and generate economic growth, but the problem is that the cost is too high because there are many corrupt elements that took place...