News about East Coast Rail Link

KUALA LUMPUR (Oct 1): Malaysia should focus on the economic impact of the East Coast Rail Link (ECRL) project rather than seek a review of the project, said Deputy International Trade and Industry Minister Dr Ong Kian Ming.

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.

Malaysian Resources Corp Bhd (Aug 5, 86 sen) Maintain buy with an unchanged target price (TP) of RM1.

  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).

  PUTRAJAYA (May 28): Prime Minister Tun Dr Mahathir Mohamad said the government had yet to decide on imposing a bumiputera quota on the civil works that are reserved for local contractors in the East Coast Rail Link (ECRL) project.

KUALA LUMPUR (May 16): The Malaysian Investment Development Authority (Mida) has established a dedicated team to promote the development of industrial parks, infrastructure, logistics hub and transit-oriented developments along the East Coast Rail Link (ECRL) project.

  KUALA LUMPUR (April 30): Recent announcements such as the East Coast Rail Link (ECRL) and Bandar Malaysia projects’ revival will serve as a catalyst that will stimulate the broader equity market, said Bursa Malaysia Bhd chief executive officer Datuk Muhamad Umar Swift.

  KUALA LUMPUR (April 30): The revival of mega infrastructure projects such as the East Coast Rail Link and Bandar Malaysia development is a sign that the government is turning its attention towards growing business activity, according to Rakuten Trade.

  KUALA LUMPUR (April 24): The project and asset owner of the East Coast Rail Link (ECRL) project, Malaysian Rail Link Sdn Bhd (MRL), has dismissed allegations that China Communications Construction Company Ltd (CCCC) will be able to state their claim on assets, minerals or objects of interest during the construction of the 640km railway.