Malaysia to revive second major China-linked project
Malaysia has resumed a China-backed rail link project after the Chinese contractor agreed to cut the construction cost by one third to 10.6 billion US dollars.
The Malaysian government said it will also take up a multibillion-dollar property and transportation project in Kuala Lumpur involving a Chinese state company, calling it a contribution to China's global "Belt and Road" infrastructure initiative.
Prime Minister Mahathir Mohamad, who is travelling to China next week to attend the second Belt and Road forum, said that both projects will boost ties with China and add economic value.
Malaysia has resumed a China-backed rail link project after the Chinese contractor agreed to cut the construction cost by one third to 10.6 billion US dollars.
The Malaysian government said it will also take up a multibillion-dollar property and transportation project in Kuala Lumpur involving a Chinese state company, calling it a contribution to China's global "Belt and Road" infrastructure initiative.
Prime Minister Mahathir Mohamad, who is travelling to China next week to attend the second Belt and Road forum, said that both projects will boost ties with China and add economic value.