Malaysia and Singapore had cancelled a plan to build a 350km (217-mile) rail line connecting the two countries after they failed to agree on several proposed changes to the project.

At the time the project was estimated to cost around US$17 billion and companies from China, Japan, South Korea and Europe had expressed an interest in contracts to build, operate and finance the trains and rail assets.

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Is Indonesia’s China-made railway on track to launch? Jakarta says it’s ‘under control’

Is Indonesia’s China-made railway on track to launch? Jakarta says it’s ‘under control’

In a statement on Tuesday, MyHSR Corp, a Malaysian-government owned entity responsible for the project, called for the private sector to submit proposals to develop and operate the Kuala Lumpur-Singapore High Speed Rail project via a public-private partnership model.

MyHSR invited local and international firms and consortiums to submit proposals.

“[The process] marks the government’s initiative to reactivate the … project via new funding mechanisms and implementation models in efforts to further improve the rail transport infrastructure and to invigorate the national economy,” it said.

What derailed the Singapore-Malaysia high-speed link?

Singapore’s transport ministry did not immediately respond to a request for comment.

Singapore indicated last year the country is open to fresh proposals from Malaysia on the project, according to local media.