ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Malaysia reinstates China Railway for $30bn Kuala Lumpur project

Bandar Malaysia will be 60% owned by CREC and local partner

KUALA LUMPUR -- A consortium involving state-owned China Railway Engineering Corp has been restored as the master developer of a major project in the heart of Kuala Lumpur, in what will be the biggest Chinese investment in Malaysia to date.

The 486-acre Bandar Malaysia project, which has a gross development value of about $33.8 billion, will be 60% owned by a consortium of CREC and its local partner Iskandar Waterfront Holdings. The Chinese company controls 40% of the consortium, giving it an effective stake of 24% in the overall project. The remaining 40% of the project is owned by Malaysia's ministry of finance.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more