ECRL, with its 30% allocation for passengers, could form a new latent passenger demand as travelling hours are reduced on top of declining cost.
The GST relief aims to reduce cost in implementing a project involving public interest, Royal Malaysian Customs Department said.
MCT expects to commence building in 2019 and complete by 2024.
Advacecon said it needed the land to construct a workshop, known as “Kota Puteri Workshop”.
Is also seeking a Qlassic penalty of RM3 million for failure to score a minimum of 85%.
To fund its property development projects and for working capital.