Malaysia favors China on high-speed rail
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.