According to Malaysia’s state media, The New Straits Times, the High Speed Rail (HSR) linking Kuala Lumpur and Singapore will see construction begin on 2018 and be completed by 2026.

The Singapore Transport Ministry said that the HSR agreement will be officially committed next month on Dec 5 during a meeting between Prime Minister Lee Hsien Loong and Malaysia’s PM Najib Razak. This agreement is signed only after 3 years when the idea was first proposed in 2013.

According to The New Straits Times, the agreement will detail the cost and revenue of the estimated S$21 billion project and how much each country will share. The agreement will also decide whether if a suspension bridge or a underwater tunnel would be built for the transit across the Johor Straits between Singapore and Malaysia. New custom clearance points will also be set up for the train stations.

The 350km HSR is expected to reduce transport time to one and a half hours between Singapore and Kuala Lumpur, with terminal stations being at Singapore’s Jurong East and Malaysia’s Bandar. Singapore will be the key beneficiary of the HSR as the country’s economy depends on close to 1 million Malaysians and ex-Malaysians-turned-Singaporeans.

The contractor companies of the HSR has not been decided yet but China and Japan are close contenders for the work as neither Singapore nor Malaysia have high-speed rail technologies.