FOLLOWING months of negotiations, Malaysia and China have reached an agreement to resume the East Coast Rail Link (ECRL) project, which was suspended last July.
It will be carried out on a smaller scale, and at a lower cost with some changes to the route, Sin Chew Daily reported today.
The daily learnt that the cost of the project, which was originally tagged at RM66 billion, will be slashed by more than RM10 billion.
A well-placed source told the daily that what the two parties had arrived at was a win-win solution as the re-negotiated project includes new commercial elements, which will bring about greater benefits to local entrepreneurs and people.
It is learnt that an agreement will be signed prior to Prime Minister Tun Dr Mahathir Mohamad’s visit to China at the end of this month, marking the resumption of the project.
The source said Council of Eminent Persons chairman Tun Daim Zainuddin, who is representing Malaysia in the negotiations, will fly to Beijing soon to sign the agreement.
Mahathir is scheduled to visit China from April 24 to 28 at the invitation of Chinese premier Xi Jinping to attend the second Belt and Road Initiative summit.
It is understood that Mahathir will address the summit and emphasise Malaysia’s support for the Belt and Road Initiative.
According to the report, environmental considerations are the main reason that changes will be made to the ECRL route.
Is okay, as long theres project resume, meaning government is taking the step to provide more projects soon. Dont have to scare people. Dont forget MRT 3 and HSR as well
Hi brother Calvintaneng .Thank you so much for yr constructive factual based articles on AZRB. May you be Blessed for yr sincere and helpful heart. May God prosper you and family.
09-Apr-2019 Insider DATO MUSTAFFA BIN MOHAMAD (a company director) disposed 100,000 shares on 09-Apr-2019. 09-Apr-2019 Insider DATO MUSTAFFA BIN MOHAMAD (a company director) disposed 100,000 shares on 08-Apr-2019. any news
Posted by 88Tan > Apr 10, 2019 7:42 AM | Report Abuse
09-Apr-2019 Insider DATO MUSTAFFA BIN MOHAMAD (a company director) disposed 100,000 shares on 09-Apr-2019. 09-Apr-2019 Insider DATO MUSTAFFA BIN MOHAMAD (a company director) disposed 100,000 shares on 08-Apr-2019. any news
He bought cheap. So selling a little for personal needs ok
MAJOR HOLDERS ARE HOLDING TIGHTLY
ECRL WILL CAUSE TOK BALI OIL HUB TO BE A MAJOR PORT
BINTULU PORT, SO OUT OF THE WAY, IS ALSO PROSPERING
WHEN ECRL IS ON TOK BALI & KEMAMAN PORTS WILL BE DIRECTLY INSIDE THE MARITIME TRADE ROUTE OF CHINA
Ya as I said before . No need to worry about the loss qr or whatever. The up move is on construction will limit uppp anyway That y I top up wct and mrcb last week Still will up because trend now is construction like dayang oil Dun worry will up again
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Beltland
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Posted by Beltland > 2019-04-04 16:54 | Report Abuse
hip hip hooray !!!!!!