China will help shoulder ECRL’s operational risk
KUALA LUMPUR (April 16): Apart from reducing the East Coast Rail Link (ECRL) construction cost by RM21.
KUALA LUMPUR (April 16): Apart from reducing the East Coast Rail Link (ECRL) construction cost by RM21.
KUALA LUMPUR (April 12): Malaysia Rail Link Sdn Bhd (MRL) and China Communications Construction Co Ltd (CCCC) have signed a supplementary agreement pursuant to the East Coast Rail Link (ECRL) project, which will proceed at a lower cost of RM44 billion compared with its original cost of RM65.
KUALA LUMPUR (March 5): Cahya Mata Sarawak Bhd’s unit, PPES Works (Sarawak) Sdn Bhd (PPESW), is partnering with China Communications Construction Co Ltd (CCCC) to bid for jobs under the Sarawak Coastal Road Network project and the Second Trunk Road project in the state.
KUALA LUMPUR (Feb 21): Discussions on the East Coast Rail Link (ECRL) project is still ongoing and details will be revealed soon, said Finance Minister Lim Guan Eng.
KUALA LUMPUR (Jan 28): With slowing economic growth and mounting concern over RM1 trillion worth of public debts, conflicting statements over the weekend from two top Malaysian ministers over the fate of the RM81 billion East Coast Rail Link (ECRL) project have, worryingly, highlighted that there could be too many cooks in the proverbial kitchen of Malaysia’s financial and economic affairs.
PUTRAJAYA (Jan 25): The cabinet has decided to terminate China contractor China Communications Construction Co Ltd’s (CCCC) contract to build the RM81 billion East Coast Rail Link (ECRL) project, according to Sin Chew Daily in its evening edition yesterday.
KUALA LUMPUR (Jan 18): The government has terminated the engineering, procurement, construction and commissioning (EPCC) contract awarded to China contractor China Communications Construction Co Ltd (CCCC) for the RM81 billion East Coast Rail Link (ECRL) project, a source told theedgemarkets.
PETALING JAYA: The revised Real Property Gains Tax (RPGT) rates that took effect from Jan 1, 2019, may lead to quicker disposals upon the fifth year of holding period as there would be no motivation for longer term investment, said a tax expert.
KUALA LUMPUR (Jan 10): WCT Holdings Bhd, which is substantially owned by Tan Sri Desmond Lim of the Pavilion group with a 19.
BATU GAJAH (Jan 3): Both the Malaysian and Chinese governments have not decided on the fate of the suspended RM81 billion 688-km East Coast Rail Link (ECRL) as they are waiting for a report from the project owner Malaysia Rail Link Sdn Bhd and main contractor China Communications Construction Co Ltd (CCCC).