ECRL-linked construction stocks up

The RM55bil East Coast Rail Link (ECRL) could have been cancelled as quickly as the HSR and MRT 3, but due to legal and loan drawdown issues, further talks with China are needed.

KUALA LUMPUR: Following expectations of the East Coast Rail Link (ECRL) not being shelved, stocks of construction companies linked to the rail project rebounded yesterday.

An online portal disclosed that there is a heavy penalty imposed to terminate the project of some RM22bil, should the new government cancel it.