China Offered To Nearly Halve Cost Of Malaysia's $20-Billion Rail Project: Sources
31 Jan, 2019

China offered to nearly halve the cost of a $20-billion rail project to save the centerpiece of its infrastructure push in Southeast Asia, two sources said on 31 January 2019, but contradictory remarks by Malaysian ministers leave the outcome uncertain. The conflicting statements made over the past week on the status of the East Coast Railway Link (ECRL) underscore the political and diplomatic challenges facing the government of Prime Minister Mahathir Mohamad in renegotiating the contract.

Source: Reuters -