RM21b enough for Quad Towers, Daim says of new ECRL price
Chinese Premier Li Keqiang looks at a letter given by Malaysia's Prime Minister Tun Mahathir Mohamad during a meeting with Tun Daim Zainuddin in Beijing, July 18, 2018. — Reuters
KUALA LUMPUR, April 12 — Malaysia was saving enough to pay for two more Petronas Twin Towers with the new price for the East Coast Rail Link , Tun Daim Zainuddin trumpeted today. The former finance minister who led negotiations with Beijing on the project was touting the scale of the price reduction achieved through shortening the alignment by just 5 per cent from the original.
He contrasted this with the new negotiated price of RM44 billion that was effectively a third less than what the previous Barisan Nasional government originally agreed to pay.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Daim: RM21.5bil savings from ECRL enough to build two Twin TowersBEIJING: The RM21.5bil that Malaysia is saving with the renewed East Coast Rail Link (ECRL) project is enough to build two more Petronas Twin Towers, says Tun Daim Zainuddin.
Read more »
Daim heads to Beijing tomorrow as special envoy to finalise ECRL talks | Malay MailKUALA LUMPUR, April 11 ― Tun Daim Zainuddin is expected to arrive in Beijing tomorrow to finalise Malaysia’s ongoing negotiations with China to lower the cost of the 688km East Coast Rail Link (ECRL) project. The Star reported today that the former chair of the now defunct quasi-government...
Read more »
Daim: Gombak stop erased from ECRL | Malay MailKUALA LUMPUR, April 12 — The Gombak stop has been eliminated from the East Coast Rail Link (ECRL) under the new agreement signed with China, Tun Daim Zainuddin said. According to Berita Harian, the government’s chief negotiator with China said the alignment will now start in Kota Baru in...
Read more »
Palm oil to be part of ECRL deal with China | The Malaysian InsightBeijing must also invest more locally, sources tell The Star after Daim Zainuddin-led negotiations.
Read more »
Highland Towers tragedi 1993TARIKH 11 Disember 1993 terpahat sebagai detik hitam kepada negara apabila berpuluh-puluh penghuni kondominium Highland Towers di lereng bukit dekat Hulu Ke&173;lang, Kuala Lumpur terpe&173;rangkap setelah satu daripada tiga blok bangunan setinggi 12 tingkat itu tumbang kira-kira pukul 1.30 petang.
Read more »
Fate of ECRL to be known todayBEIJING: The fate of the 688km East Coast Rail Link (ECRL) is to be announced today as Tun Daim Zainuddin is here to wrap up discussion on details of the project.
Read more »
Decision on ECRL end of this month? | Malay MailKUALA LUMPUR, April 9 — Council of Eminent Persons chairman Tun Daim Zainuddin is expected to wrap-up negotiations with China on the East Coast Rail Link (ECRL) before the end of this month. Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said last night that it was hoped that the...
Read more »
Putrajaya to announce final decision on ECRL today, says HK paper | The Malaysian InsightSpecial envoy Daim Zainuddin is expected to hold a press briefing on the matter at 2pm today.
Read more »