Last Updated : Apr 26 2019 7:03AM     Screen Reader Access
News Highlights
Campaigning picks up steam for 4th phase of LS polls            Former SC judge to hold inquiry into claims of conspiracy against CJI            Former US Vice President launches 2020 presidential campaign            Six Indians storm into finals of Asian Boxing C'ships            Shooting: India bag two gold at ISSF World Cup           

International News

Jan 26, 2019
8:09PM

Malaysia scraps multi-billion dollar China-backed rail project, citing high construction costs

NSD Logo
Malaysia has scrapped a multi-billion dollar China-backed rail project, citing high construction costs. Minister of Economic Affairs, Azmin Ali said Malaysia does not have the financial ability at this time to bear the cost of the project.

He said, if the project would not have been terminated, Malaysia would have to pay a massive interest payment.

The Minister did not say how much compensation Malaysia would have to pay for cancelling the project. He said, it would be determined by the Finance Ministry.
 

The 19.6 billion US dollars East Coast Rail Link would have connected the eastern and western coasts of the peninsula.

Malaysia has, in recent months, suspended several major projects signed under the country's previous scandal-plagued regime, in a bid to cut the country's 251 billion US dollars debt. 
 

PM’s Exclusive Interview to DD News

Live Twitter Feed

Listen News

Morning News 25 (Apr) Midday News 25 (Apr) News at Nine 25 (Apr) Hourly 26 (Apr) (0605hrs)
समाचार प्रभात 25 (Apr) दोपहर समाचार 25 (Apr) समाचार संध्या 25 (Apr) प्रति घंटा समाचार 26 (Apr) (0600hrs)
Khabarnama (Mor) 25 (Apr) Khabrein(Day) 25 (Apr) Khabrein(Eve) 25 (Apr)
Aaj Savere 25 (Apr) Parikrama 25 (Apr) Lok Ruchi Samachar 21 (Apr)

Listen Programs

Market Mantra 25 (Apr) Samayki 25 (Apr) Sports Scan 25 (Apr) Spotlight/News Analysis 25 (Apr)
    Public Speak

    Country wide 28 (Mar) Surkhiyon Mein 4 (Apr) Charcha Ka Vishai Ha 24 (Apr) Vaad-Samvaad 16 (Apr) Money Talk 16 (Apr) Current Affairs 22 (Mar)