MRL says construction of the rail link must comply with the National Land Code.
Objects of interest or value found on the construction site will become the absolute property of the government, says the ECRL project owner.
“Among others, Section 40 of the National Land Code clearly provides for the respective state authorities to have vested interest in any mineral and rock minerals which may be found within their respective territories of their state,” it said in a statement here today. MRL also reiterated that it would have full ownership of assets in the 50:50 joint venture company to be established with CCCC for the operation and maintenance of the ECRL to ensure such assets are within the control of the Malaysian government.
“The JV Co between MRL and CCCC is purely for technical support and sharing of operational risk, as Malaysia stands to leverage the O&M expertise for the ECRL through the Chinese government-backed conglomerate,” it said.
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