JBIC signs raw water transfer loan

The Japanese bilateral funding institution has put up 82 billion yen.

The Japan Bank for International Cooperation (JBIC) has signed a loan agreement totaling 82.04 billion yen ($754 million) for Malaysia\'s estimated $1 billion Pahang-Selangor Raw Water Transfer Project, breaking a seven-year deadlock.

The project, which will start construction later this year, will involve developing water resources in eastern Pahang state and construction of a 45km water transfer tunnel ...

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