Cybernuts have been KPKBing about China trying to kill our port despite Cosco investing here big time.
Well it seems they missed this Chinese investment in M’sia as they’ve not been KPKBing. Eugene Tavano kooning isit?
In October 2016, the Malaysian government announced that China Communications Construction Co. will construct and China Export-Import Bank will finance the construction of the 620 km East Coast Rail Link (ECRL), a project estimated to cost RM55bn. The ECRL will connect Kuantan Port on the east coast of Peninsular Malaysia with Port Klang on the west coast.
This will allow the transshipment of goods between the Straits of Malacca and the South China Sea without having to go past Singapore.
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So a shipper calls at Port Klang, pays whatever port charges, maybe anchors for a day or two, unloads their good, then continues on to Singapore to unload goods for transshipment to various Indonesian ports, then sails on to Kuantan Port to pick up cargo and sail to Peking after paying Kuant port charges, not forgetting the rail carriage cost. Great for business