Malaysia continues support for USD 14 Bln China led rail project

Nikkei Asian Review. 1 June. 4 minute read.

Malaysia will proceed with the China-funded USD 14 Bln East Coast Rail Link project even as Malaysia, under the new government, seeks to roll back many projects awarded under the previous regime. China’s state-owned Export-Import Bank will provide 85% of the financing through a 20-year soft loan at an annual interest rate of 3.25%.
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