Malaysia revives China-backed rail link, cost cut by a third

Credit to Author: eestopace| Date: Fri, 12 Apr 2019 06:55:10 +0000

Malaysia revives China-backed rail link, cost cut by a third

Malaysia’s government said Friday it has decided to resume a China-backed rail link project, after the Chinese contractor agreed to cut construction cost by one-third.

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Malaysian leader says China-backed rail project too costly

Credit to Author: ggaviola| Date: Tue, 29 Jan 2019 11:17:08 +0000

KUALA LUMPUR, Malaysia  — Malaysian Prime Minister Mahathir Mohamad says that a multi-billion-dollar rail link project backed by China would “impoverish” the country, saddling the government with excess debt for the next 30 years.

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