China to Lend $800 Million to Malaysia for Construction of Penang Bridge

(Bloomberg) -- Export-Import Bank of China plans to
lend $800 million to Malaysia for the construction of a west
coast bridge, in China's largest loan for an overseas project.

Malaysia's UEM Group Bhd., which is managing the building of
the 23-kilometer (14-mile) second Penang bridge, will sign a
contract with China Harbour Engineering Co. and UEM Construction
for the project, China Harbour said in a statement today given to
reporters in Kuala Lumpur.


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