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Malaysia to cancel $20-bn China-backed rail project due to high cost

Minister Mohamed Azmin Ali assured that Malaysia would welcome all forms of investment from China on a case-by-case basis

Reuters  |  Kuala Lumpur 

Photo: Shutterstock

Malaysia's economics minister said on Saturday the country will cancel the $20 billion East Coast Rail Link (ECRL) project with contractor Communications Construction Co Ltd.

said at a media event that the cost of the project was too great, while giving an assurance that would welcome all forms of investment from on a case by case basis.    

First Published: Sat, January 26 2019. 08:49 IST