Did a Belt and Road project in Malaysia just crash and burn?

[striver44]

• Termination of agreement to build Melaka Gateway could mean the end for US$10.5 billion development
• Project’s suspension comes after years of neglect by administrations of Najib Razak and Mahathir Mohamad

Tashny Sukumaran
Published: 9:15pm, 17 Nov, 2020

The government of the Malaysianstate of Melaka has terminated an agreement with the main developer of a
Belt and Road Initiative infrastructure project after years of delays, raising questions about its future and the Malaysian government’s commitment to other projects under the strategy.

The Melaka Chief Minister’s Office said in a statement that the agreement with KAJ Development on the Melaka Gateway mixed development had been ended after the developer failed to complete the 246.45-hectare maritime initiative, which it signed on to in October 2017 and was meant to include port facilities, economic parks and tourist attractions on three artificially constructed islands.

“The company is also required to return the project site, effective upon the termination notice issued by the state government,” said the statement on the 43 billion ringgit (US$10.5 billion) project, which saw KAJ Development working with three Chinese companies, including state-owned Chinese energy firm PowerChina – the main financial backer.

Did a Belt and Road project in Malaysia just crash and burn?

The termination of the agreement to build Melaka Gateway could mean the end for the US$10.5 billion development.

www.scmp.com

 

[White and Green with M/S]

• Termination of agreement to build Melaka Gateway could mean the end for US$10.5 billion development
• Project’s suspension comes after years of neglect by administrations of Najib Razak and Mahathir Mohamad

Tashny Sukumaran
Published: 9:15pm, 17 Nov, 2020

The government of the Malaysianstate of Melaka has terminated an agreement with the main developer of a
Belt and Road Initiative infrastructure project after years of delays, raising questions about its future and the Malaysian government’s commitment to other projects under the strategy.

The Melaka Chief Minister’s Office said in a statement that the agreement with KAJ Development on the Melaka Gateway mixed development had been ended after the developer failed to complete the 246.45-hectare maritime initiative, which it signed on to in October 2017 and was meant to include port facilities, economic parks and tourist attractions on three artificially constructed islands.

“The company is also required to return the project site, effective upon the termination notice issued by the state government,” said the statement on the 43 billion ringgit (US$10.5 billion) project, which saw KAJ Development working with three Chinese companies, including state-owned Chinese energy firm PowerChina – the main financial backer.

Did a Belt and Road project in Malaysia just crash and burn?

The termination of the agreement to build Melaka Gateway could mean the end for the US$10.5 billion development.

www.scmp.com

Why you hate so much China give me any valid reasons for that @striver44

 

[striver44]

^^
I don't.

 

[White and Green with M/S]

^^
I don't.

But you're always talk and post threads against China @striver44

 

[hualushui]

^^
I don't.

Indian

 

[patero]

But you're always talk and post threads against China @striver44

Why do you care what he posts about China? You aren't Chinese and you live in the US.

 

[White and Green with M/S]

Why do you care what he posts about China? You aren't Chinese and you live in the US.

I came from Pakistan, and China helping Pakistan in every fields unlike US/West they always used and backstab us in our critical times

 

[striver44]

unlike US/West they always used and backstab us in our critical times

Why don't you live in China then?

 

[White and Green with M/S]

Why don't you live in China then?

Its my choice my whole family living here, brothers/sisters and my parents, and who are you to ask that stupid question

 

[patero]

Its my choice my whole family living here, brothers/sisters and my parents, and who are you to ask that stupid question

It's a very valid question. Why would you choose to live among those you accuse of backstabbing and using your people? Your allegiances are clearly elsewhere, why would you not choose to live there?

 

[White and Green with M/S]

It's a very valid question. Why would you choose to live among those you accuse of backstabbing and using your people? Your allegiances are clearly elsewhere, why would you not choose to live there?

Its a US govt acts, not people of USA did this to us, Stupid question

 

[Viva_Viet]

I came from Pakistan, and China helping Pakistan in every fields unlike US/West they always used and backstab us in our critical times

CN help RCEP nations even much more than helping Pak.

 

[White and Green with M/S]

CN help RCEP nations even much more than helping Pak.

is that matter to you, that China is helping more nation than Pakistan, if you have a butt hurt apply pain killer on your butts

 

[Viva_Viet]

is that matter to you, that China is helping more nation than Pakistan, if you have a butt hurt apply pain killer on your butts

We dont need to blindly support CN, we r even against CN in SCS ( east sea) issue, and CN will still help RCEP nations like VN,ID much more.

CN also wont say thanks and help Pak more than helping VN-ID just bcs u blindly support CN here.

 

[White and Green with M/S]

We dont need to blindly support CN, we r even against CN in SCS ( east sea) issue, and CN will still help RCEP nations like VN,ID much more.

CN also wont say thanks and help Pak more than helping VN-ID just bcs u blindly support CN here.

ok anything left from your Bias opinions against China