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.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
ECRL , 1MDB , MRL

Next In Business News

iCents wins RM9.12mil industrial facility contract
Rimbunan Sawit disposes of land for RM28mil
Agibot opens Malaysia’s first AI and robotics experience centre
Selangor Dredging buys Petaling Jaya land for RM63mil
FBM KLCI hits multi-year high, banking stocks lead rally
China extends tariffs on solar-grade polysilicon imports from US, South Korea
Invictus Blue confirms exit of two senior leaders following organisational reset
Oil extends climb on Iran supply disruption concerns
Gold steadies below record US$4,600/oz as investors book profits
Velocity Capital exits MMAG with RM9.4Mil share disposal

Others Also Read