Malaysia rail infrastructure projects hit the buffers

Spending vast sums on infrastructure projects that countries arguably cannot afford and may not need is a risky business, as the actions of Malaysia’s new government shows.

Malaysia rail infrastructure projects hit the buffers

Malaysia's new government has lost little time fulfilling election pledges by canning a major rail project and casting a pall over others, sending shockwaves through the local construction industry and reminding investors of the risks attached to infrastructure investing.

In a setback for China, which is spearheading a major infrastructure drive across the region with its Belt and Road Initiative, Prime Minister Mohamad Mahathir this week cancelled the high-speed rail HSR link between...

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