January 26, 2019 / 3:19 AM / 23 days ago

Malaysia cancelling $20 bln dlr China-backed rail project - minister

KUALA LUMPUR, Jan 26 (Reuters) - Malaysia’s economics minister said on Saturday the country will cancel the $20 billion East Coast Rail Link (ECRL) project with contractor China Communications Construction Co Ltd.

Mohamed Azmin Ali said at a media event that the cost of the project was too great, while giving an assurance that Malaysia would welcome all forms of investment from China on a case by case basis. (Reporting by Emily Chow; Editing by Simon Cameron-Moore)

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