Malaysia's King, Sultan Ibrahim Iskandar, is reportedly seeking funding from Chinese investors for a multibillion-dollar high-speed rail project connecting Malaysia and Singapore. The King is targeting investments from a Chinese state-owned company.
BEIJING – Malaysia ’s King, Sultan Ibrahim Iskandar, is planning to seek funding from Chinese investors for a multibillion-dollar, high-speed rail project between Malaysia and Singapore , according to people familiar with the matter.
YTL executive chairman Francis Yeoh told Bloomberg TV in November it was interested, while stopping short of confirming its participation in the bidding process. One of the previously planned stations – this one is for Batu Pahat – for the Singapore-Malaysia high-speed rail is seen in this artist’s illustration. PHOTO: MYHSR CORPORATION
Seven local and international groups comprising 31 firms submitted proposals, MyHSR Corporation, a Malaysian government agency overseeing the project, said in January, without naming them.
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