Malaysia revived China railway to avoid $5 bn penalty: PM

Malaysia would have faced a $5-billion penalty if a China-backed rail project was axed entirely, the prime minister said Monday, after a deal was reached to revive the controversial scheme.

Malaysia revived China railway to avoid $5 bn penalty: PM

Malaysia would have faced a $5-billion penalty if a China-backed rail project was axed entirely, the prime minister said Monday, after a deal was reached to revive the controversial scheme. Last week Malaysia and China agreed to push ahead with the railway at a 30-percent lower cost, lifting a suspe…


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