Malaysia and China discuss special purpose vehicle for passenger train leasing

Malaysia and China are discussing forming a Special Purpose Vehicle to lease passenger trains as part of a rail industry empowerment program. This initiative follows a Memorandum of Understanding signed in April to boost railway sector cooperation. The SPV will manage the leasing, with a Malaysian government-owned company holding a 51% stake. The program aims to ensure Keretapi Tanah Melayu Bhd has enough trains, with a previous report indicating 62 new sets to be leased from China for RM10.7 billion over 30 years.