China plans to invest RM3bil in Terengganu

PETALING JAYA: China’s Pacific Construction Group Ltd (CPCG) will lead a consortium of investors to invest some RM3bil in Terengganu over the next five years for infrastructure development, including industrial parks, free trade zones and affordable housing.

In a statement yesterday, CPCG’s Malaysian subsidiary, CPCG Holdings Sdn Bhd, said it had signed a memorandum of understanding (MoU) with Terengganu Jiangsu Trade Organization (TJTO) for the planned investment at the 16th China-Asean Expo 2019.

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