MALAYSIA,CHINA IN TALKS ON FORMING SPV TOUNDERTAKERAILINDUSTRY PROJECT

Nov 5 (Bernama) -- Bilateral discussions are ongoing between Malaysia and China to form aspecial-purpose vehicle (SPV) responsible for undertaking the rail industry empowerment programme via apassenger train leasing arrangement, the Transport Ministry said.

lt said the government has agreed in principle to implement the project through a government-to-government(G2G)passenger train leasing method.

"The creation of the SPV will take into account the government's decision for a Malaysian government-owned company to hold 5l per cent equity interest (in the rolling stock assembler ," it said in a reply posted濼高的一n the Parliament website today.

The ministry was answering a query from Yeo Bee Yin (PH-Puchong) who wanted updates on the plan tolease electric multiple unit (EMU) sets which was approved by the Cabinet on Aug 14, 2024, as well as on theacquisition of the 5l per cent stake in CRRc Rolling Stock Centre (M) Sdn Bhd.

The Transport Ministry said that as commitment to implement the project, the government inked amemorandum of understanding with the Chinese government on strengthening cooperation in the railways蚪ector on April 16,2025.

笹不月国RRc Roling stock Centre, which operates an assembly plant in Batu Gajah, Perak, is currently 70 per cent.owned by CRRc Zhuzhou Locomotive co, Ltd, while the remaining 30 per cent is held by CRRc (Hong Kong)Co Ltd.

It was reported that Malaysia plans to lease 62 new passenger train sets from China by 2027 at a cost ofRM10.7 billion for 30 years for Keretapi Tanah Melayu Bhd (KTMB).

The leasing arrangement, which includes maintenance, repair and overhaul, is intended to ensure that KTMBhas a sufficient number of trains in service.

ゆ来中-BERNAMA