CCCECRL today created an operating company (OpCo) with a 50:50 interest ratio for the purpose of operating and maintaining the ECRL project.
: Malaysia Rail Link Sdn Bhd and China Communications Construction Sdn Bhd today created an operating company with a 50:50 interest ratio for the purpose of operating and maintaining the East Coast Rail Link project.
In his speech at the event, Loke said the joint venture agreement allows both parties to share costs for ECRL operations as well as facilitate the exchange of technical knowledge and expertise.“MRL will fully own ECRL’s assets on behalf of the Malaysian government throughout the operational phase of ECRL to ensure that national interests are protected at all times and enable local empowerment in this national infrastructure,“ he said.
He said the joint venture agreement drives the direction of national infrastructure in strengthening modern, efficient and environmentally friendly transport services for the well-being of the people and increasing the competitiveness of the national economy. “This progress is within the ECRL project target for this year and is on track with the schedule for the completion of the first phase line from Kota Bharu to the Gombak Integrated Terminal in December 2026, and the second phase line between Gombak and Port Klang by December 2027,“ he said.
“So eventually, of course, our hope as far as the Ministry of Transport is concerned, we want to link it to Thailand. Because that will then link it to the entire Thailand railway network,” he added.
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