China EximBank signs loan deal for water supply project in Malaysia

2026-11-02

  The Export-Import Bank of China (China EximBank) signed a loan repurposing agreement with Malaysia's Strategic Energy Resources Sdn Bhd on Oct 30 to finance the Northern Perak Water Supply Project.

  Wang Kang, vice-president of China EximBank, and Mohd Fariszan Ahmad, a board member of Strategic Energy Resources Sdn Bhd, signed the agreement on behalf of their respective sides. Anwar Ibrahim, Malaysia's prime minister and finance minister, and Chen Huaiyu, chairman of China EximBank, witnessed the signing. 

  Also attending the event were Lin Shiguang, chargé d'affaires of the Chinese Embassy in Malaysia, and Fadillah Yusof, Malaysia's deputy prime minister and minister of energy transition and water transformation. 

  The project is a key infrastructure project designed to meet the long-term water demand of northern Peninsular Malaysia. Upon completion, it will significantly increase the region's water supply capacity and satisfy the growing water demand of emerging industries, boosting Malaysia's economic and social development and improving people's well-being. 

  China EximBank has long maintained close and friendly cooperation with Malaysian partners. Drawing on its professional financial strengths, the bank has actively supported the delivery of major infrastructure projects, injecting financial impetus into high-quality Belt and Road cooperation between China and Malaysia.