At least RM15bil to be shaved from ECRL


It said this would create a friendly investment and economic environment for all foreign investors including from China.

PETALING JAYA: At least RM15bil will be shaved off from the East Coast Rail Link (ECRL) project from its projected cost of RM55bil for the railway track stretching from Port Klang to Pengkalan Kubor in Kelantan.

Sources said the Council of Eminent Persons (CEP) have heard presentations from top officials of Malaysia Rail Link Sdn Bhd (MRL), the project owner of the ECRL, and some of the consultants involved to ascertain the cost of completing the project and study the various options to terminate the job.

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.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

ECRL , 1MDB , MRL

   

Next In Business News

Perodua teams up with PETRONAS Dagangan and Gentari to improve services and EV support
Karex 1Q net profit tumbles 73.4% to RM1.4mil
DRB-Hicom focuses on digital transformation
FBM KLCI falls for third day, weighed down by Tenaga, YTL stocks
Oil prices climb as geopolitical tensions outweigh US inventories
Indonesian rupiah at three-month low; Asia stocks drop on Russia-Ukraine tensions
PM Anwar: Value of Malaysian business ventures in Vietnam exceeds US$13bil
Bank Rakyat issues inaugural RM500mil Asean sustainability SRI sukuk
China to beef up offshore wind power
Dyson dials back Malaysia hairdryer operations, redeploys staff

Others Also Read