Malaysia fa­vors China on high-speed rail

China Daily (Canada) - - NEWS CAPSULE -

Chi­nese com­pa­nies are widely con­sid­ered as the fore­run­ner for the pro­posed high-speed rail­way project link­ing the Malaysian cap­i­tal Kuala Lumpur and Sin­ga­pore, a lo­cal me­dia re­ported on Sun­day.

A se­ries of re­cent in­vest­ment by Chi­nese state-owned com­pa­nies have helped to lay the ground for the bid for the 350 km high-speed rail­way, ac­cord­ing to the Sun­day Star, a Malaysian English news­pa­per.

In March, China Rail­way Group Lim­ited (CREC), one of China’s largest state-owned com­pa­nies, an­nounced a 2 bil­lionU.S. dol­lar in­vest­ment to build its re­gional head­quar­ter in Ban­dar Malaysia, the pro­posed ter­mi­nal for the Kuala Lumpur to Sin­ga­pore line.

The an­nounce­ment came three months af­ter CREC’s suc­cess­ful bid with its Malaysian joint-ven­ture part­ner in De­cem­ber to ac­quire 60 per­cent of the Ban­dar Malaysia project.

On the rail­way bid, China is fac­ing com­peti­tors from Ja­pan, South Korea, France and oth­ers.

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