News about ECRL

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.

KUALA LUMPUR (April 24): Mega rail projects in the country is not a threat to the local airline sector.

KUALA LUMPUR (April 20): Various tax reliefs have been commonly accorded to mega public infrastructure developments as a government incentive since the 1980s, the Royal Malaysian Customs Department asserted yesterday, following the brouhaha over the granting of goods and services tax (GST) relief for the procurement of materials and services related to the RM55 billion East Coast Rail Link (ECRL) project.

KUALA LUMPUR (April 18): The RM55 billion East Coast Railway Link (ECRL) project can improve household income and youth unemployment for the people of the east coast, said MIDF Amanah Investment bank Bhd Research.

KUALA LUMPUR (April 17): The Royal Malaysian Customs Department confirmed granting China Communications Construction Sdn Bhd goods and services tax (GST) relief under Malaysia's East Coast Rail Link (ECRL) project.