KUALA LUMPUR (Sept 26): Affin Hwang Investment Bank has maintained its “Overweight” call on the construction sector and said it expects tenders for the East Coast Rail Link (ECRL) to be called starting in 4Q19 for local subcontractors to undertake 40% of the civil works (excluding tunnel works).
KUALA LUMPUR (Sept 25): Finance Minister Lim Guan Eng's concern about putting Malaysia's "national considerations at stake" is valid, but the cancellation of the East Coast Rail Link (ECRL) can still be done through proper negotiations without affecting bilateral relations with China, said prominent economist Professor Dr Jomo Kwame Sundaram.
KUALA LUMPUR (Sept 24): Chinese integrated construction company Pacific Construction Group Ltd (CPCG) is leading a consortium of investors to invest some RM3 billion in Terengganu for, among others, an industrial park, a free trade zone and affordable housing.
KUALA LUMPUR (Sept 19): Prominent economist Professor Dr Jomo Kwame Sundaram has urged the federal government to reopen the question of cancelling the East Coast Rail Link (ECRL) mega infrastructure project, following 1Malaysia Development Bhd (1MDB)-Tanore trial key witness Datuk Amhari Efendi Nazaruddin's statements that the project was mooted to bail 1MDB out.
KUALA LUMPUR (Sept 5): In an attempt to extricate and salvage 1Malaysia Development Bhd (1MDB) from the mounting debts that financier Low Taek Jho or Jho Low and his cohorts had plunged the company into, former prime minister Datuk Seri Najib Razak assembled in astonishing quick time, a handful of mega infrastructure projects that Malaysia could offer to China’s state-owned enterprises.
KUALA LUMPUR (Aug 29): Advancecon Holdings Bhd said it is set to make significant progress in two of its major West Coast Expressway (WCE) contracts moving forward due to the recent sizeable site possessions.
KUALA LUMPUR (Aug 14): Oil and gas service provider T7 Global Bhd has teamed up with Advancecon Holdings Bhd to explore business opportunities pertaining to the RM44 billion East Coast Rail Link (ECRL) project.
KUALA LUMPUR (Aug 2): A total of 331 out of 1,321 Malaysian construction companies have been shortlisted as potential tenderers for civil work packages of the planned RM44 billion 640-km East Coast Rail Link (ECRL), which is expected to link Kota Bharu to Putrajaya in about four hours, said project and asset owner Malaysia Rail Link Sdn Bhd (MRL).
DUNGUN (July 25): The East Coast Rail Link (ECRL) is currently 10.
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