CIMB Equities Research remains cautious on the construction sector despite possible revival of the East Coast Rail Line (ECRL), albeit downsized,
KUALA LUMPUR: It is "business as usual" for the multibillion ringgit East Coast Rail Line (ECRL) project despite speculation it could be delayed or shelved.
Malaysia Rail Link Sdn Bhd's (MRL) head of corporate communication Rosmah Mahmud said on Wednesday: “There is no stop order for the ECRL project, it is business as usual.”
She was speaking to reporters at Ilham Tower here on Wednesday.
MRL CEO Datuk Seri Darwis Abdul Razak had a briefing session with the council of eminent persons at 4pm together with MyHsr Corp CEO Datuk Mohd Nur Ismail Mohamed Kamal.
Rosmah said that further details on the matter would be made by the Council, of which no timeline has been revealed.
To recap, the ECRL is owned by MRL, a special purpose vehicle wholly-owned by the Minister of Finance Incorporated (MoF Inc).
Upon completion, the RM60bil project which will link Port Klang to Pengkalan Kubor, Kelantan, will also ensure a more efficient movement of people and goods, through 24 stations.
The 668 km ECRL, which is targeted for completion in 2024,would create a land bridge over Peninsular Malaysia between Kuantan Port and Port Klang, allowing freight to bypass Singapore and parts of the Strait of Malacca.
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