China to pour in billions for rail project


State visitPrime Minister Datuk Seri Najib Tun Razak arriving to a red carpet welcome at Beijing International Airport. The Prime Minister, accompanied by his wife Datin Seri Rosmah Mansor, is on his third official visit to China. Last year, bilateral trade between China and Malaysia stood at US97.3bil (RM408.6bil) while it has reached US54.3bil (RM228bil) up to August this year. — Bernama

CHINA will provide RM55bil in soft loans to Malaysia for the construction of the planned East Coast Rail Line (ECRL) that is estimated to cost a similar amount, according to Transport Minister Datuk Seri Liow Tiong Lai.

In an exclusive interview in Beijing with The Star yesterday, Liow said this will be one of the 16 government-to-government memoranda of understanding to be signed when Prime Minister Datuk Seri Najib Tun Razak meets with Chinese Prime Minister Li Keqiang for bilateral talks today.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Nation

Ng Poh Tip's contributions to journalism will always be appreciated, says Fahmi
A new epicurean era begins at Tropicana Golf & Country Resort
Govt won't introduce new taxes, aims for fairer subsidies, says Anwar
Melaka's Dataran Pahlawan abuzz with activities for National Youth Day 2024
Man sustains first-degree burns in Sabah house fire
Ng Poh Tip leaves a legacy few Asian editors can match, says ex-ANN executive director
MCMC wins international award, says Fahmi
GRS govt failed the people in handling Sabah's 40% revenue rights issue, says Kiandee
Consumers save RM16.8mil with Agro Madani sales
Sandakan firemen rescue toddler trapped in car

Others Also Read