BEIJING: The government has decided to cancel the East Coast Rail Link (ECRL) and the Sabah gas pipeline project for now.
Prime Minister Tun Dr Mahathir Mohamad said he had relayed the matter to China and they understood the problems faced by Malaysia.
“I believe China itself does not want to see Malaysia become a bankrupt country,” he said during a press conference at the end of his China trip today. Dr Mahathir is scheduled to fly back to Malaysia this afternoon.
Dr Mahathir said reducing the country’s debts and loans was now the priority for Malaysia.
The Prime Minister said his visit to China was - among other things, aimed at looking into ways to settle the debts incurred during Datuk Seri Najib Razak's administration.
During the press conference he was also asked if he had raised the issue of fugitive businessman Low Taek Jho with China.
Dr Mahathir said he did not bring up the matter, but said he believed that Low - who is better known as Jho Low, was in China.
Asked what he would do if he saw Jho Low, Dr Mahathir quipped “I will handcuff him.”
On the future role of the Council of Eminent Persons (CEP), Dr Mahathir said the CEP was still needed.
He said CEP chairperson Tun Daim Zainuddin should continue with his role as much still needed to be done. MORE TO COME © New Straits Times Press (M) Bhd