KUALA LUMPUR: The East Coast Rail Link (ECRL) project will go ahead but the cost has been reduced significantly by RM21.50bil to RM44bil.
The Government of Malaysia welcomes the signing of a Supplementary Agreement between Malaysia Rail Link Sdn Bhd and the China Communications Construction Company Ltd , which will pave the way for the resumption of the East Coast Rail Link project.
The SA, which covers the Engineering, Procurement, Construction & Commissioning aspects of the ECRL, was achieved after months of negotiations between the companies involved as well as the Governments of Malaysia and the Republic of China. We are pleased to announce that the construction cost for Phases 1 and 2 of the ECRL has now been reduced to RM44 billion, a reduction of RM21.5 billion, from its original cost of RM65.5 billion.
This reduction will surely benefit Malaysia and lighten the burden on the country’s financial position.
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