Rafizi questions financial viability of ECRL

KUALA LUMPUR (Nov 17): Lawmaker Rafizi Ramli (pictured) has questioned the financial viability of the RM55 billion East Coast Rail Link (ECRL), citing the under-utilisation of an existing 70km rail track which connects Kertih to Kuantan and Port Kuantan.

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Liow explains big jump in ECRL’s estimated cost

KUALA LUMPUR (Nov 15): Transport Minister Datuk Seri Liow Tiong Lai (pictured) has cited a change in alignment, a longer tunnel link and the weak ringgit as the reasons for the cost of for the East Coast Rail Link (ECRL) project jumping to RM55 billion from RM29 billion as estimated by a consulting engineering firm previously.

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Tadmax to become a pure property and power play

TADMAX Resources Bhd managing director Datuk Seri Anuar Adam, a retired major of the Malaysian army, will focus on transforming the loss-making company into a property and power generation player after cleaning its books for the past five years.

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