PETALING JAYA: Two consortiums, headed by Indian Railway Construction Company (Ircon) and China Railway Engineering Corporation (CREC), were only issued letters of intent, which were not binding on the Malaysian Government.
Commenting on the award of the RM14.4bil North-South railway double tracking project to Malaysia Mining Corporation Bhd (MMC) and Gamuda Bhd, Transport Minister Datuk Seri Chan Kong Choy said at a press conference yesterday: Letters of intent are not binding.