Malaysia's Transport Ministry Plans Major Train Acquisition with China

Malaysia's transport ministry announced a leasing deal with China to acquire 62 new passenger train units from 2024 to 2027. The estimated cost of 10.7 billion ringgit ($2.42 billion) will be paid in installments over a 30-year period, enhancing the nation's transportation infrastructure.

On Wednesday, Malaysia's transport ministry unveiled plans to enhance its rail infrastructure through a significant leasing agreement with China.

In the first phase of the plan, spanning 2024 to 2027, the government intends to procure 62 new passenger train units. The estimated cost for this acquisition stands at 10.7 billion ringgit ($2.42 billion), which will be distributed over a 30-year lease period, according to a ministry statement.

The initiative is projected to bolster Malaysia's public transportation system significantly, aiming for long-term improvements and efficiency.

(With inputs from agencies.)