Government may issue RM15b bond for rail project
The Malaysian government may opt for a bond issue of up to RM15 billion ringgit (US$3.95 billion) to finance a double-tracking railway project, a report said Sunday.
The Edge business weekly quoted sources as saying financial proposals called for the government to issue papers or guarantee a bond issue for up to 20 years to ensure the project was viable and could be completed in three to four years.
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