China, Malaysia to resume East Coast Rail Link project for RM21b less

China has struck a deal with Malaysia to resume the East Coast Rail Link project at a smaller cost and scope.CHINA has struck a deal with Malaysia to resume the East Coast Rail Link project at a smaller cost and scope.

Premier Mahathir Mohamad revived talks on the rail link after cancelling it earlier as Malaysia struggled to narrow its budget deficit.The deal could be a boon for China's Belt and Road Initiative, which has seen Asian governments from Myanmar to Maldives reassessing Chinese investments amid concern over sovereignty and large borrowings.China wants the project to resume quickly, Foreign Ministry spokesman Lu Kang said at a Friday briefing in Beijing.

China Communications Construction Co and Malaysia Rail Link Sdn signed a supplementary agreement for the reduced cost after months of talks between the companies and the two governments, according to the statement. The deal covers the engineering, procurement, construction and commissioning aspects of the rail link.

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