Last week Malaysia and China agreed to push ahead with the railway at a 30-percent lower cost, lifting a suspension slapped on the project when a corruption-plagued regime lost power last year.
The 640-kilometre east coast rail link will run from northern Malaysia, near the Thai border, to a port outside Kuala Lumpur, and is seen as a key project in China’s Belt and Road infrastructure drive. “As such, we chose to go back to the negotiating table and call for a more equitable deal, whereby the needs of the Malaysian people would be prioritised.”
Under the new agreement announced last week, the project cost has been reduced to 44 billion ringgit. Malaysia will still need to take a loan from a Chinese state-owned bank to fund the line but it will be less than under the original deal.
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