ECRL will be built with 40pc local content, says transport minister
Transport Minister Anthony Loke told reporters April 21, 2019 that the government’s emphasis when renegotiating the multi-billion ringgit ECRL project was that there must be opportunities for Malaysian companies. — Picture by Shafwan Zaidon
“That is why in ECRL we want to increase local participation with a local content of 40 per cent given to Malaysian companies. We always emphasise that whatever collaboration must bring returns to our country,” he said after an event in Ampangan, Negri Sembilan. On April 15, Prime Minister Tun Dr Mahathir Mohamad announced the resumption of the ECRL project and said its cost has been reduced to RM68.7 million per kilometre from RM95.5 million a kilometre as per the earlier agreement.
The Pakatan Harapan government had suspended the project after the May general election last year due to its high cost.
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