The race hots up for High Speed Rail project

IN the race to clinch the RM40bil high-speed rail (HSR) deal connecting Kuala Lumpur and Singapore, China Railway Engineering Corp (CREC) may be a step ahead of its competitors as it also owns a stake in Bandar Malaysia, slated to be a transportation hub of the bullet train service.

CREC and its Malaysian partner, Tan Sri Lim Kang Hoo’s Iskandar Waterfront Holdings Bhd (IWH) collectively owns 60% of Bandar Malaysia Sdn Bhd (BMSB), which is the project owner of the 486-acre Bandar Malaysia.