China has expressed interest in participating in Malaysia’s 330km-long Kuala Lumpur-Singapore high speed rail (HSR) link project.
China President Xi Jinping said the project, together with port development and other connectivity projects, were on top of their overseas investment ventures.
Earlier this year, Malaysia and Singapore announced plans for the rail link, which is expected to cut land travelling time between the two countries to just 90 minutes.
The project, targeted to be completed by 2020, is reported to cost about RM40billion (US$12.6 billion).
China’s investment in Malaysia was less than the other way around.
“Currently, China’s investment in our country is only about 10% of the US$6.3bil (RM20.05bil) of what Malaysia invested in China,” Mustapa said.
China has already started to get some of the contracts for Thailands high speed rail system.
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Reposted via Next Big Future
China President Xi Jinping said the project, together with port development and other connectivity projects, were on top of their overseas investment ventures.
Earlier this year, Malaysia and Singapore announced plans for the rail link, which is expected to cut land travelling time between the two countries to just 90 minutes.
The project, targeted to be completed by 2020, is reported to cost about RM40billion (US$12.6 billion).
China’s investment in Malaysia was less than the other way around.
“Currently, China’s investment in our country is only about 10% of the US$6.3bil (RM20.05bil) of what Malaysia invested in China,” Mustapa said.
China has already started to get some of the contracts for Thailands high speed rail system.
Read more »
Reposted via Next Big Future
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