China firm to refund part of RM3.1 billion advance for ECRL, says PM
Prime Minister Dr Mahathir Mohamad speaking at a press conference in Putrajaya this morning, where he announced that China Communications Construction Company Ltd will refund RM1 billion from an advance payment for the East Coast Rail Link within the month. – The Malaysian Insight pic by Nazir Sufari, April 15, 2019.
CHINA Communications Construction Company Ltd has agreed to refund part of the RM3.1 billion advance payment for the East Coast Rail Link Phase 2, Double Tracking and the Northern Extension under the original contract. “RM500 million will be refunded within a week from April 12, and a further RM500 million within a month from this date for a total of RM1 billion,” Prime Minister Dr Mahathir Mohamad said today.
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