News about ECRL

KUALA LUMPUR (May 30): Prime Minister Tun Dr Mahathir Mohamad's move to scrap the Kuala Lumpur-Singapore high-speed rail (HSR) mega project came as a surprise to many and the fact that he did not consult the cabinet has raised concern, Malaysiakini reported today.

KUALA LUMPUR (May 27): There have been no changes made to the East Coast Rail Line (ECRL) mega project so far, according to China’s ambassador to Malaysia Bai Tian “As far as I know, there are no changes in ECRL project," Bernama reported him telling the media after visiting the second cub of the panda couple, Xing Xing and Liang Liang at the Giant Panda Conservation Centre of the National Zoo here yesterday.

PETALING JAYA (May 26): The government will find out how it can reduce the amount of money it has to pay to Singapore if it needs to drop the Kuala Lumpur-Singapore high-speed rail (HSR) project, said Prime Minister Tun Dr Mahathir Mohamad.

KUALA LUMPUR (May 23): The negative sentiments surrounding the impending review of billion ringgit worth of mega-infrastructure projects, some of which are at risk of being scrapped, is expected to bog down the construction sector during the first 100 days of the new Pakatan Harapan-led government’s reform agenda, according to CIMB Investment Bank Bhd Research.

KUALA LUMPUR (May 22): The new Pakatan Harapan government will review mega projects which have been approved by the previous Barisan Nasional administration, said newly-minted economic affairs minister, Datuk Seri Mohamed Azmin Ali today.

KUALA LUMPUR (May 18): The East Coast Rail Link (ECRL) project will have a price tag beyond the RM55 billion announced by the Barisan Nasional government previously, said the Council of Eminent Persons.

KUALA LUMPUR (May 17): While the Council of Eminent Persons, set up under the new Pakatan Harapan (PH) government, met heads of infrastructure projects yesterday, it is “business as usual” for the East Coast Rail Link (ECRL) project, a project spokesman told reporters.

Construction sector Downgrade to neutral: The surprise election outcome with Pakatan Harapan (PH) winning the election led to a knee-jerk selldown in construction stocks.

KUALA LUMPUR (May 14): Gabungan AQRS Bhd, which saw its shares plummet 30% to RM1.

KUALA LUMPUR (May 14): While markets are nervous that the new ruling coalition Pakatan Harapan’s pledge to review megaprojects may negatively impact the construction sector, some see the plan as a chance for greater inclusion of local players.