Malaysia's Finance Minister Lim Guan Eng speaks at the signing ceremony to announce 1 billion ringgit in funding for Malaysian contractors to take part in the East Coast Rail Link project. Photo: Handout

Malaysian contractors on China-backed East Coast Rail Link get better deal after US$240 million in funding agreed

  • Malaysia’s ruling coalition last year suspended the project along with other China-backed infrastructure deals, citing exorbitant costs and unfair terms
  • The 640km megaproject, which is part of China’s Belt and Road Initiative, was renegotiated to guarantee 40 per cent local participation
Topic |   Malaysia

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Malaysia's Finance Minister Lim Guan Eng speaks at the signing ceremony to announce 1 billion ringgit in funding for Malaysian contractors to take part in the East Coast Rail Link project. Photo: Handout
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