Malaysia accepts 14% cost increase in China-led rail project, taking longer route


— Filepic

KUALA LUMPUR: Malaysia said on Monday that it had accepted an increase of nearly 14% in the estimated construction cost for the proposed East Coast Rail Link (ECRL), part of China's Belt and Road Initiative, as the length of the route would be slightly longer.

The Malaysian unit of China Communications Construction Co Ltd, CCC-ECRL, is contracted to build the line.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
   

Next In Business News

Trading ideas: SkyWorld, Icon, Top Glove, Chin Hin, PIC, Solarvest, Lagenda, MNRB, Affin, Allianz
Dicey days for chip makers
Google, Microsoft hail country’s AI approach
Step back and watch
Bull waits for liquidity to return
CPO futures set to trade with bullish bias this week
Sarawak targets more floating solar for its hydroelectric dams
Bursa M’sia expected to trade between 1,600 to 1,610
Magnum can strike it big again
How secure is M’sia’s energy value chain?

Others Also Read