Back on track? Malaysia is in ‘last mile’ of talks with China to revive East Coast Rail deal that Mahathir Mohamad ‘scrapped’

Malaysia is making progress in talks with China to revive a high-speed rail project that Prime Minister Mahathir Mohamad’s government said it would cancel, according to Foreign Minister Saifuddin Abdullah.China is willing to reduce the US$20 billion price tag for the East Coast Rail Link project and talks are “in the last mile,” Saifuddin said in an interview on Tuesday at his office near Kuala Lumpur. Discussions have been led by Daim Zainuddin, an adviser to Mahathir, with the aim of reaching…