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

Yayasan Peneraju unveils new basic package to accelerate Bumiputera AI upskilling
DIY homes: A growing trend
Why speculation hurts homebuyers
More fresh paint forl aneways
Ringgit likely to trade within 4.04-4.07 range next week
China equities set to shine
Banks snatch up mortgage bonds
Thai auto gears up, bumps and all
Offering luxury for less
Markets look beyond Venezuela shock

Others Also Read