The race hots up for High Speed Rail project


  • Business
  • Saturday, 02 Jan 2016

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.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Business , high speed rail

   

Next In Business News

Ringgit opens slightly higher on mild demand
Bursa in the red as Wall Street tumbles
Big Pharma could affect Big Food with obesity drugs, says Big Finance
Trading ideas: 7-Eleven, Eco World Development, Comintel, Visdynamics, KESM, Dayang and Ahmad Zaki Resources
MARii inks MoU with Indonesia’s IOI to advance automotive industry
EcoWorld Malaysia hits 87.4% of sales target
Sime Darby Property, TNB in sustainability tie-up
7-Eleven unit selling 75% stake in Caring Pharmacy
Database project on track for completion
Dayang gets job extension from Sapura OMV

Others Also Read