East Coast Rail Link gets eight banks to manage renminbi loan exposure
KUALA LUMPUR (March 17): Malaysia has appointed eight local and foreign banks to manage East Coast Rail Link’s renminbi loan exposure as the project nears completion.
KUALA LUMPUR (March 17): Malaysia has appointed eight local and foreign banks to manage East Coast Rail Link’s renminbi loan exposure as the project nears completion.
KUALA LUMPUR (March 17): Malaysia’s flagship East Coast Rail Link (ECRL), a major rail project designed to connect the country’s less-developed east coast states with the Klang Valley economic hub, entered into its testing and commissioning phase following the completion of track construction and key system installations.
GOMBAK (March 17): The East Coast Rail Link (ECRL) project has reached 92.
“Hopefully, it would be part of the Pan Asian [Railway] (from Kunming, China, to Singapore).
"The first EMU (electric multiple unit) needs to undergo 8,000km of testing, while the subsequent batch requires 5,000km of testing.
"However, the railway station in Rantau Panjang has been out of use for almost 20 years, so a detailed study will be conducted to assess the feasibility of reviving it.
Ragu said ECER also offers cost effective-land options.
The project had achieved an overall progress of 62.
It added that the SDG Sukuk Framework has been assigned a “Gold” Impact Assessment by MARC Ratings Bhd.
Hasbi also noted that the main contractor of ECRL, China Communications Construction Sdn Bhd, has appointed various local companies to support the construction of the project amounting to 2,785 companies comprising subcontractors, consultants, suppliers and service providers.