News about ECRL

Construction sector Maintain underweight: According to The Edge Markets, East Coast Rail Link (ECRL) project owner Malaysia Rail Link Sdn Bhd (MRL) has ordered its main contractor, China Communications Construction Co Ltd (CCCC), to immediately suspend all ongoing works relating to the engineering, procurement, construction and commissioning scope of the ECRL.

KUALA LUMPUR (July 4): The East Coast Rail Link (ECRL) project owner Malaysia Rail Link Sdn Bhd (MRL) has instructed its main contractor China Communications Construction Ltd (CCCC) to suspend all works under the engineering, procurement, construction and commissioning contract (EPCC) of the controversial ERCL project with immediate effect.

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 29):  The main contractor for the East Coast Rail Link (ECRL) project, China Communications Construction Co Ltd (CCCC) has likened concerns over the Malaysian project to that of Sri Lanka’s troubled Hambantota port.

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 28): T7 Global Bhd slumped as much as 15.

KUALA LUMPUR (June 27): T7 Global Bhd shares fell as much as 5.

KUALA LUMPUR (June 27): Perturbed by what he deems as “mischievous” and “sinister” news reports linking his 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.