Posted by Beary > 2019-04-13 10:01 | Report Abuse

This ECRL project is definitely going to be a white elephant which will bleed the nation for decades to come.

The government knew it but decided to proceed with it anyway solely due to the fact that they will have to pay tens of billions of ringgit in compensation to the contractor anyway if they were to cancel it.

It baffles me how so many seemingly smart and educated people can buy into the idea that it is economically viable to unload containers from ships in Port Klang, load them onto trains, send them by rail to Kuantan Port, Unload them and then reload them again to a different ship to continue to its final destinations.

How much time can you save for all that troubles?

1 day? 2 days? I'd say maybe 0 or even delays considering the efficiency level in bolehland.

And how much extra cost involved to go through all that troubles?

Posted by legend > 2019-04-13 10:03 | Report Abuse

We will be in depth for more then four decades

Posted by Icon8888 > 2019-04-13 10:08 | Report Abuse

Beary,

Not necessarily a white elephant

It can be china’s secret weapon to solve the Melaka dilemma

A lot of cargoes might be channeled to this route

You are not stretching your imagination enough

https://jamestown.org/program/chinas-malacca-dilemma/

Posted by Beary > 2019-04-13 10:18 | Report Abuse

Icon if you are talking about o n g, read this https://en.wikipedia.org/wiki/Sino-Myanmar_pipelines

Which made more sense? Transport oil by rail or by pipe?

Posted by trapped > 2019-04-13 10:20 | Report Abuse

No choice have to continue bec of stupid contract signed by BN govn. If cancel must pay RM 20 billion compensation for nothing. So add RM 25 billion we get new railway line in East Coast like win-win for M'sia-China.


Posted by Beary > Apr 13, 2019 10:01 AM | Report Abuse
This ECRL project is definitely going to be a white elephant which will bleed the nation for decades to come.

The government knew it but decided to proceed with it anyway solely due to the fact that they will have to pay tens of billions of ringgit in compensation to the contractor anyway if they were to cancel it.

It baffles me how so many seemingly smart and educated people can buy into the idea that it is economically viable to unload containers from ships in Port Klang, load them onto trains, send them by rail to Kuantan Port, Unload them and then reload them again to a different ship to continue to its final destinations.

How much time can you save for all that troubles?
1 day? 2 days? I'd say maybe 0 or even delays considering the efficiency level in bolehland.

And how much extra cost involved to go through all that troubles?

Posted by Icon8888 > 2019-04-13 10:21 | Report Abuse

Don't be too pessimistic

How about other cargoes ? Chips ? Underwear etc ?

Change your name to Bully

Be a bit bullish on everything

Posted by Icon8888 > 2019-04-13 10:23 | Report Abuse

But don't listen to Calvin advice to buy into all these theme plays too early

Without earnings, price will come down after the fever is over

You will be trapped

Posted by fl888 > 2019-04-13 10:26 | Report Abuse

Calvin Tan is or working for Stockists for a fee...

Posted by probability > 2019-04-13 10:30 | Report Abuse

MMCCORP

https://www.mmc.com.my/MMC%20Annual%20Report%202017%20small%20file%20size.pdf

Based on the original plans, 44 tunnels are to be constructed at various locations spanning over 50km. The longest tunnel (which is now likely to be scrapped) is the Genting Tunnel measuring 17.8km (37% of total tunnel length).


The ECRL is of strategic importance to China because the Kuantan Port-ECRL-Port Klang route shortens its trading route and cuts the time it takes to travel to the west of Peninsular Malaysia while eliminating the need to use the Singapore Port.

..........................

the max reduction from its original tunnel volumes is 37% only, but more importantly it benefits MMC Corp's Port & Logistics division.

you syphon out trades directly from China instead of getting via Singapore Port route

Posted by probability > 2019-04-13 10:31 | Report Abuse

https://oxfordbusinessgroup.com/news/malaysia-moves-boost-port-capacity

Increasing connectivity

Improvements to the nation’s ports will serve as bookends for the RM55bn ($12.3bn) East Coat Rail Line (ECRL) – a 620-km electrified rail link between Kuantan Port and Port Klang. At the beginning of November, Malaysia and China signed an engineering, procurement and construction contract for the project.

The ECRL will allow for the rapid trans-shipment of freight across the peninsula, reducing shipping congestion in the Malacca Strait, which hosts up to 80% of China’s maritime trade.

Significantly, the new land-sea link will bypass Singapore and move a major portion of regional freighting activity north. This could boost Malaysia’s profile as a leading logistics hub and open up new routes to markets in North Asia. Work on the ECRL is set to begin later this year and be completed in 2022.

Posted by probability > 2019-04-13 10:33 |

Post removed.Why?

Posted by trapped > 2019-04-13 10:36 | Report Abuse

Not debts?

Posted by legend > Apr 13, 2019 10:03 AM | Report Abuse
We will be in depth for more then four decades

Posted by trapped > 2019-04-13 10:37 | Report Abuse

ECRL bad for S'pore?

Posted by probability > 2019-04-13 10:40 | Report Abuse

YES thats why CALVIN TAN eyeing malaysia...

Posted by trapped > Apr 13, 2019 10:37 AM | Report Abuse

ECRL bad for S'pore?

Posted by dnlt > 2019-04-13 11:16 | Report Abuse

News says discount of 21.2B from the original price. At the same time, we also read previously that the inflated price is supposed to bail out 1MDB. So at the end really got discount?

Posted by dnlt > 2019-04-13 11:22 | Report Abuse

At 44B cost, let just say the the interest payment will be 2B per annum. Can this project even pay for the interest itself? Multiplier effects maybe provided the local boys get a piece of the cake.

Posted by dnlt > 2019-04-13 11:34 | Report Abuse

Can ferry fish. KL folks will have cheap fishes from east coast. That's what the BN politicians said last time.

Icon8888 Don't be too pessimistic
How about other cargoes ? Chips ? Underwear etc ?
13/04/2019 10:21 AM

Posted by calvintaneng > 2019-04-13 12:00 | Report Abuse

Good idea ferrying cheaper fishes from East Coast to Kajang, putrajaya and klang

Last time Calvin met a lorry driver in Malaysia

He drove a lorry for decades ferrying fishes from Kuantan to sell in Kl. Then he filled his lorry with goods for his provision shop in Kuantan

This very smart fella later retired early after making a fortune

Posted by John Lu > 2019-04-13 12:23 | Report Abuse

AZRB and MMC Corp most benefit from this ECRL

Posted by VenFx > 2019-04-13 12:25 | Report Abuse

Dato Calvin,

Mind to run a quick check of which mall
Has Negative impact and the benefitted one ?

Posted by calvintaneng > 2019-04-13 12:32 | Report Abuse

VenFx Dato Calvin,

Mind to run a quick check of which mall
Has Negative impact and the benefitted one ?
13/04/2019 12:25 PM

I live in Singapore since 20 years ago

I think fellow i3 forumers from Kuantan, Trengganu, Kota Bahru as well as Kajang, Mentakab, Bangi, Putra Jaya & Klang can give better answers?

Posted by VenFx > 2019-04-13 12:47 | Report Abuse

Ok. Notef with thanks to Dato Calvin :)

Posted by calvintaneng > 2019-04-13 13:05 | Report Abuse

VenFx Ok. Notef with thanks to Dato Calvin :)
13/04/2019 12:47 PM

Sifu Venfx

Since today no trading why not share where you from and what you do for a living?

Posted by TECHfullyBREWED > 2019-04-13 16:45 | Report Abuse

https://asia.nikkei.com/Spotlight/Cover-Story/Why-China-is-determined-to-connect-Southeast-Asia-by-rail

Only once more of the rail link to China is completed, will we see any significant trade benefits.

The ships are definitely not going to unload in the East Coast and pick it up at Klang.

Posted by calvintaneng > 2019-04-14 14:22 | Report Abuse

I just checked up again on Asiapac Balance Sheet

VERY VERY HEALTHY

1) ASIAPAC HAS RM1.27 IN INVESTMENT PROPERTIES (IMAGO MALL INCLUDED)

2) IT HAS RM300 MILLIONS BORROWINGS LESS CASH

IT IS VERY NORMAL TO HAVE LOANS FOR PROPERTY PURCHASE

IN THIS CASE DIVIDES RM300 MILLIONS BY RM1.27 BILLIONS = 23% LOAN

MANY PEOPLE BORROW 70% TO 80% SOME UP TO 90% LOAN FOR PROPERTY

SO 23% IS VERY OK

ANOTHER THING ALL MISSED IS THIS

ASIAPAC HAS RM700 MILLIONS IN RETAINED EARNINGS

SO ASIAPAC ON ITS OWN IS ALREADY ROCK SOLID!!

Posted by calvintaneng > 2019-04-14 14:30 | Report Abuse

AND THE VERY BEST IS

ASIAPAC EARNINGS ALL COME FROM OPERATING PROFITS EVERY QUARTER FOR THE WHOLE YEAR


calvintaneng
26039 posts
Posted by calvintaneng > Apr 14, 2019 2:28 PM | Report Abuse X

IF 2 QUARTER PROFITS ALREADY QUALIFY THE GOLDEN RULE

THEN 4 QUARTER PROFITS SHOULD GIVE ASIAPAC "THE PLATINUM AWARD"