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Cost too high: Malaysia scraps $20 bn China-backed rail plan
short by Shruti Maria Mahendar / on 27 Jan 2019,Sunday
Malaysia's Economic Affairs Minister on Saturday said the country will cancel its $20-billion East Coast Rail Link (ECRL) project with contractor China Communications Construction. "The... cost to develop the ECRL is too big and we don't have [the] financial capacity," he added. Malaysia had in August 2018 cancelled a natural gas pipeline project which was also backed by China.
short by Shruti Maria Mahendar / 05:19 pm on 27 Jan
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