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.The deal ended months of vacillating over the 688-kilometer (430-mile) East Coast Rail Link, which connects Malaysia’s west coast to eastern rural states and is a key part of China’s Belt and Road infrastructure initiativeThe prime minister’s office said in a statement it welcomed the signing of a supplementary agreement between Malaysia Rail Link Sendirian Berhad and state-owned China Communications Construction Company Ltd. to revive the…
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