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Tun Dr. Mahathir Mohamad
KUALA LUMPUR: Prime Minister Tun Dr. Mahathir Mohamad said the Japanese government is not worthy of anything.
"No, there are no strings attached," he told reporters after delivering his keynote address to the Chinese Economic Forum at Seri Kembangan near here yesterday.
Dr. Mahathir was asked by the Japanese government – for example, in exchange for Japanese companies to get involved in mega infrastructure projects in Malaysia – when making the offer.
He pointed out that the Yen-denominated loan would be used to repay the country's existing loans.
The Samurai Bond has a ten year maturity and is expected to be issued by March next year via Japan Bank of International Cooperation at an indicative coupon of 0.65 per cent.
Dr. Mahathir said the government would also seek advice and learn from Japan-based railway company, JR Kyushu Railway Company, to improve Malaysia's railway system.
In Japan, Dr. Mahathir said the Malaysian government's efforts to get the most out of the country, as currently, only 30 per cent 100 are being used.
The Prime Minister also reiterated that the government would continue to negotiate the East Coast Rail Link (ECRL) project with China. – Bernama
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