Not the right time to resume Chinese-backed projects, Putrajaya told

Not the right time to resume Chinese-backed projects, Putrajaya told - Hello loyal readers FeedGoogle, In the article you are reading this time with the title Not the right time to resume Chinese-backed projects, Putrajaya told, We have prepared this article well for you to read and take information in it. hopefully the contents of the post Article Malaysians, what we write you can understand. Alright, happy reading.

Construction work on the East Coast Rail Link resumed on April 28. (Bernama pic)PETALING JAYA: An economist has urged Putrajaya to seek a postponement of Chinese-backed mega projects until the economy has seen some recovery from the Covid-19 crisis. Shankaran Nambiar of the Malaysian Institute of Economic Research said it was not likely that the multiplier effects of expensive Belt and Road Initiative (BRI) projects would be felt immediately and it would be ill-advised to go ahead with them now. Construction work on the East Coast Rail Link (ECRL), the largest infrastructure project in the country, resumed on April 28 after it’s main contractor, China Communications Construction ECRL, received the government’s approval. “Economies all over the world are going into a recession, which means our growth rates are going to be severely affected,” Nambiar told FMT. “What needs to be take…