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Malaysia in transition

Malaysia to cancel $20bn China-backed rail project - minister

Malaysia's then-Prime Minister Najib Razak, second from left, look at a model of the East Coast Rail Line at Kuantan Bahang, Malaysia in August 2017.   © Reuters

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

Mohamed Azmin Ali said at a media event that the project's cost was too great, while also giving an assurance that Malaysia would welcome investment from China on a case by case basis.

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