He reportedly says this after concluding renegotiations that slashed RM21.5 billion from ECRL's cost.
The RM21.5 billion savings from the reduced cost of the East Coast Rail Link project is enough to build two more Petronas Twin Towers, said former finance minister Daim Zainuddin.
The Prime Minister's Office had announced earlier today that the ECRL project will resume after the Malaysia Rail Link Sdn Bhd and China Communications Construction Company Ltd signed a supplementary agreement. The ECRL project now has a reduced construction cost of RM44 billion, which is a 32.8 percent reduction from the initial RM65.5 billion cost.today.He declined to reveal more details about the agreement as Prime Minister Dr Mahathir Mohamad will give a press conference on the matter next Monday.His trip is ahead of Mahathir’s visit to China at the end of this month for the Second Belt and Road Initiative Forum.
Former prime minister Najib Abdul Razak had officiated at the ECRL's ground-breaking ceremony in August 2017.Share this story To post or ‘like’ comments on Malaysiakini stories, you will need to sign in with an active paid subscription.
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