Set up special panel to handle ECRL investments, says Daim

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Set up special panel to handle ECRL investments, says Daim
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This special division is to assist investors from China and also local investors, he explains.

A special division should be established to smoothen and facilitate investments for the East Coast Rail Link project from China and domestic sources, says Council of Eminent Persons chairperson Daim Zainuddin.

“If it is formed, when Chinese investors come here and we arrange for meetings and assist them until they get approval , they will be able to see that things are moving fast. We will gain their trust,” he toldDaim said the formation of this division was requested by both Chinese and local investors, adding that he had already briefed Prime Minister Dr Mahathir Mohamad on this.

He said with a price tag of RM44 billion, the rail project is by far the biggest, especially for the people in the East Coast, and therefore the residents and businesses there should take the advantage of this project. Daim also urged every state the rail link passes through, and the residents in the vicinity of the ECRL stations, to promote their localities, specialities and services available.

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