PETALING JAYA: China Communications Construction Co (CCCC) has furnished Malaysia Rail Link Sdn Bhd (MRL) with RM10bil of bank guarantees as commitment for it to complete the East Coast Rail Link (ECRL) project.
The bank guarantees from CCCC was an Advance Payment Bond to MRL and came from the Bank of China and China’s Export-Import Bank (Exim Bank).
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
