China is owed more than a trillion dollars through its Belt and Road project, making it the biggest debt collector in the world, a report said this week, with an estimated 80 percent of the loans supporting countries in financial distress.
PETALING JAYA: The submission deadline of concept proposals for the Kuala Lumpur-Singapore High Speed Rail project Request For Information has been extended until Jan 15, 2024.
“More than 60% of the companies that had indicated their commitment to submit concept proposals for the KL-SG HSR project, which was originally scheduled by Nov 15, 2023, have requested for an extension of time as they required more time to form consortium with potential partners and explore financial options, among others.”
“At the briefing, MyHSR Corp shared an overview of the RFI process, including the timeline for local and international firms as well as consortia to submit concept proposals for the KL-SG HSR project based on a public-private partnership initiative and deliver the project based on the design-finance-build-operate-transfer model.
It added that the firms and consortia are also required to demonstrate viable commercial and business models, as well as consortium and governance framework.