China is keen to help build a Malaysia-Singapore high-speed rail link,
the official Xinhua news agency reported Premier Li Keqiang as saying on Monday.
The interest, expressed at meetings with leaders from Malaysia on the sidelines of a gathering of Asia-Pacific Economic Cooperation leaders, comes amid growing efforts by China to export its rail technology and take part in overseas projects.
Li told Malaysian Prime Minister Najib Razak China was willing to “actively participate” in the Singapore-Malaysia high-speed rail, Xinhua reported, although It did not provide further details.
Singapore and Malaysia said in February last year that they planned to build a high-speed rail link by 2020 that would cut travel time between the city-state and Kuala Lumpur to 90 minutes, without giving a cost estimate.
Chinese railway firms have been ramping up their efforts to win contracts overseas, particularly in the area of high-speed rail. On Friday, the sector was dealt a blow when Mexico cancelled a US$3.75bil high-speed rail billion contract from a China-led consortium, which had been a key first win.
The Chinese government on Saturday said it would contribute US$40bil to set up a Silk Road infrastructure fund to boost connectivity across Asia. Last month, it unveiled a US$50bil China-backed Asian Infrastructure Investment Bank. – Reuters