China will offer RM55bil in soft loans to Malaysia for the construction of the East Coast Rail Line (ECRL).
Transport Minister Datuk Seri Liow Tiong Lai said the two countries will sign an engineering and construction contract on the project.
“As far as I know, this is the biggest single deal Malaysia will be signing with China,” said Liow.
The first phase of the 600km rail line will be from the Klang Valley to Kuantan, second from Kuantan to Kuala Terengganu, and third from Kuala Terengganu to Kota Baru and Tumpat.
Construction of the project will start in 2017.
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