KUALA LUMPUR (July 3): The final cost of the East Coast Rail Link (ECRL) project is actually RM81 billion and must be reduced significantly to make it viable financially, according to Minister of Finance Lim Guan Eng.
KUALA LUMPUR (July 2): Sime Darby Property Bhd and MMC Corp Bhd’s RM200 billion Pulau Carey port project is unlikely to proceed, given the Pakatan Harapan government’s austerity drive and review of mega projects, said CIMB Research analyst Raymond Yap.
HONG KONG (June 28): The main contractor for the East Coast Rail Link (ECRL) project, China Communications Construction Co Ltd (CCCC), is "not very concerned" about risks related to the poject's review announced by the new Malaysian government.
KUALA LUMPUR (June 27): T7 Global Bhd shares fell as much as 5.
KUALA LUMPUR (June 26): T7 Global Bhd is keen on continuing participation in the controversial East Coast Railway Line (ECRL) project even at substantially lower cost, as long as the group "can make a decent profit" from it, its executive deputy chairman Tan Sri Tan Kean Soon said today.
KUALA LUMPUR (June 24): The federal government’s move to continue with the building of the East Coast Rail Link (ECRL) albeit at a lower cost is a move in the right direction, MCA publicity spokesman and Religious Harmony Bureau chairman Datuk Seri Ti Lian Ker said.
KUALA LUMPUR (June 23): The government wants to renegotiate so that the cost of the controversial East Coast Railway Line (ECRL) can be reduced, said Finance Minister Lim Guan Eng.