PUTRAJAYA, Malaysia - China has expressed interest in participating in Malaysia's 330km-long Kuala Lumpur-Singapore high speed rail (HSR) link project.
China President Xi Jinping said the project, together with port development and other connectivity projects, were on top of their overseas investment ventures.
He said they were also ready to consider participating in the Northern Economic Corridor development projects.
"The Chinese government will continue to encourage Chinese companies to participate in Malaysia's railway, port and other connectivity projects.
"The Chinese government is ready to give positive consideration to participate in the Northern Corridor development projects in the appropriate ways," he said yesterday at a joint press statement with Prime Minister Datuk Seri Najib Tun Razak after their bilateral meeting at the Perdana Putra Building here.
Earlier this year, Malaysia and Singapore announced plans for the rail link, which is expected to cut land travelling time between the two countries to just 90 minutes.
The project, targeted to be completed by 2020, is reported to cost about RM40bil. Several local and foreign firms have been reported to have started talks to form consortiums to bid for the project.
The firms are MMC Corp Bhd, which may team up with Gamuda Bhd and Chinese and European system integrators and YTL Corp Bhd with Spanish bullet train maker Talgo or CAF.