Finance minister: Prasarana has to slash more than RM6b for LRT3

Jul 10

KUALA LUMPUR (July 10): The Ministry of Finance will not provide additional funding for the Light Rait Transit 3 (LRT3) project unless cost “is significantly rationalised without compromising on the integrity of the rail network as well as the safety and the quality of service provided,” finance minister Lim Guan Eng (pictured) said in a press release today.

Final cost of ECRL project is actually RM81b, says Lim Guan Eng

Jul 03

KUALA LUMPUR (July 3): The final cost of the East Coast Rail Link (ECRL) project is actually RM81 billion and must be reduced significantly to make it viable financially, according to Minister of Finance Lim Guan Eng.

Construction of HSBC HQ in TRX ahead of schedule

Jun 26

KUALA LUMPUR (June 26): HSBC Bank Malaysia Bhd (HSBC) is happy with the construction of its headquarters building in the Tun Razak Exchange (TRX) (pictured), said chief executive officer Stuart Milne.

MCA's Ti lauds Putrajaya's continuation of ECRL

Jun 24

KUALA LUMPUR (June 24): The federal government’s move to continue with the building of the East Coast Rail Link (ECRL) albeit at a lower cost is a move in the right direction, MCA publicity spokesman and Religious Harmony Bureau chairman Datuk Seri Ti Lian Ker said.

Lendlease committed to Tun Razak Exchange Lifestyle Quarter

Jun 24

KUALA LUMPUR (June 24): Australian developer and infrastructure firm Lendlease has confirmed it is committed to transforming the Tun Razak Exchange (TRX) (pictured) Lifestyle Quarter into one of its largest urban regeneration developments, Bernama reported today.

ECRL to roll on but Putrajaya hopes for lower price, says Finance Minister

Jun 23

KUALA LUMPUR (June 23): The government wants to renegotiate so that the cost of the controversial East Coast Railway Line (ECRL) can be reduced, said Finance Minister Lim Guan Eng.

Finance Minister: Bank Negara to continue operating as an independent body

Jun 22

KUALA LUMPUR (June 22): The country’s central bank will continue to act as an independent entity based on the rules set out in the legislation, Bernama reported Finance Minister Lim Guan Eng as saying today.