Major push to renegotiate deal


  • Nation Premium
  • Sunday, 08 Jul 2018

Hoping for a better deal: The Government hopes to cut the cost of the ECRL project.

THE closure of the East Coast Rail Link (ECRL) construction was sudden but a source from the Malaysia Rail Link Sdn Bhd (MRL) has disclosed that Finance Minister Lim Guan Eng will visit China at the end of this month to renegotiate the cost of the project with China Communications Construction Co Ltd (CCCC). And if the renegotiations go well, it can be resumed within two to three months.

The Finance Ministry issued a suspension notice through MoF Inc for all contracts related to East Coast Rail Link (ECRL) projects on Tuesday, after receiving instructions from Prime Minister Tun Dr Mahathir Mohamad.

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Business , Politics , ECRL

   

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