Fitch Solutions: Malaysia unlikely to cancel ECRL

The bank guarantees from CCCC was an Advance Payment Bond to MRL and came from the Bank of China and China

PETALING JAYA: Malaysia is unlikely to risk a strain in its relationship with China by cancelling the East Coast Rail Link (ECRL), and is believed to trying to strike a deal to implement the project.

Fitch Solutions said the high project costs, however, remained a significant drawback for Malaysia.