COMMENT | No effort to recover some RM30 billion in over-priced contracts in relation to 1MDB.
The chief negotiator for the RM44 billion East Coast Rail Link or ECRL, Daim Zainuddin, had some interesting things to say about the newly renegotiated deal with China, of which the chief one is that the ECRL would be loss-making for a “considerable period” after its completion in 2026., he did not specify the length of the period that the ECRL would bleed red ink, but instead justified the decision toDaim even challenged those who criticised the deal to come out in the open.
He added: “There is a binding agreement … it may be one-sided, but it is equally binding . You can’t blame the Chinese. If you are silly enough to sign the agreement, then it’s your problem...”Subscribe for only RM200 a year, or sign in if you're already a subscriber.
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.
Putrajaya tubuh pasukan untuk promosi pembangunan sepanjang projek ECRLPasukan khusus akan terlibat dalam merangka strategi pelan tindakan yang meliputi aktiviti promosi dan pertemuan serta libat urus dengan pihak berkepentingan, termasuk industri domestik.
Read more »
Savings from renegotiated ECRL deal not solely down to overpricing, says MRLKUALA LUMPUR: Neither Malaysia Rail Link Sdn Bhd (MRL) or the government have claimed the savings of RM21.5 billion for the improved East Coast Rail L...
Read more »
Saifuddin: Other countries eager to learn how Malaysia renegotiated ECRL deal with China | Malay MailKUALA LUMPUR, May 13 — Foreign Minister Datuk Saifuddin Abdullah said today Malaysia will hold steadfast to its international agreements with China or any other countries, so long as it is principled and based on the rule of law. He said when Prime Minister Tun Dr Mahathir Mohamad and his...
Read more »
Penjimatan ECRL bukan hanya pada kos lebih rendah, kata MRLMalaysia merundingkan semula projek berkenaan atas dasar kerjasama mencari jalan dan kaedah bagi mengurangkan kos ECRL tanpa menggugurkan aspek penting rangkaian rel tersebut.
Read more »
ECRL owner to launch scheme on civil works for local firms | Malay MailKUALA LUMPUR, May 10 — In a bid to spur local firms to participate in the construction of the East Coast Rail Link (ECRL), project owner Malaysia Rail Link Sdn Bhd (MRL) said it will introduce a Pre-Qualification (Pre-Q) exercise at the end of this month. The Pre-Q exercise will allow contractors...
Read more »
ECRL mungkin akan sampai ke Jasin, sindir NajibKeputusan petisyen pilihan raya untuk Parlimen Jasin akan diketahui pada 12 Jun ini.
Read more »
Daim not sole broker in China renegotiations, ECRL firm clarifies | Malay MailKUALA LUMPUR, May 9 — Tun Daim Zainuddin was appointed to lead Malaysia in hammering out a new deal on the East Coast Rail Link (ECRL) with China but the former finance minister wasn’t the country’s only negotiator. ECRL project owner and its asset manager Malaysia Rail Link Sdn Bhd (MRL)...
Read more »
MIDA bentuk pasukan khusus promosi pembangunan sepanjang projek ECRL | The Malaysian InsightPasukan itu ditubuhkan bagi memudahkan, menilai dan mengkaji semula pelaksanaan Projek-projek Pemecut Ekonomi (EAP) di sepanjang koridor ECRL.
Read more »
Govt sets up team to promote development along ECRL corridorThe team was established to facilitate, evaluate and review the implementation of economic accelerator projects along the ECRL alignment.
Read more »
Mida forms team to promote development along ECRL projectThe dedicated team will engage and strategise various action plans, it says.
Read more »
Mida team to promote development along ECRL alignment | The Malaysian InsightRail link will contribute to bridging development gap between peninsula's east and west coasts, says agency.
Read more »