ECRL payment will be based on work progress, says Dr M
PUTRAJAYA (April 15): The payment schedule for the East Coast Rail Link (ECRL) will be based on the project's work progress, Prime Minister Tun Dr Mahathir Mohamad says.
PM Mahathir: M'sia yet to finalise ECRL loan from China Exim Bank
PUTRAJAYA (April 15): The Malaysian government is still in negotiations with the Export-Import Bank of China (China Exim Bank) on the new loan to be taken for the planned construction of the 640km East Coast Rail Link (ECRL), according to Prime Minister Tun Dr Mahathir Mohamad.
Steel, building materials counters rise on ECRL revival
KUALA LUMPUR (April 15): Steel as well as building materials counters were up on optimism going forward after the government announced last Friday the revival of the East Coast Rail Link (ECRL) project as it slashed the cost by 32.
Malaysia and China to jointly manage ERCL
PUTRAJAYA (April 15): The proposed 640km East Coast Rail Link (ECRL) project will be operated under a joint venture (JV) between Malaysia Rail Link Sdn Bhd and China Communications Construction Co Ltd.
Worst is over for construction sector — HLIB Research
KUALA LUMPUR (April 15): Following the revival of the East Coast Rail Link (ECRL) project, it appears the worst is over for Malaysia's construction industry, according to Hong Leong Investment Bank (HLIB) Research.
Do construction stocks have more legs to run?
KUALA LUMPUR (April 15): The speculation of a possible revival of the put-on-hold East Coast Rail Link (ECRL) has been driving construction stocks since the beginning of the year.
Daim: ECRL line revised, will not go through Gombak
PETALING JAYA (April 12): The cost reduction of RM21.
Malaysia close to sealing deal for ECRL revival — report
KUALA LUMPUR (April 11): Malaysia is expected to seal an agreement with China to revive the East Coast Rail Link (ECRL) project, according to Sin Chew Daily's website.
IWCity continues to rise on possible revival of mega projects
KUALA LUMPUR (April 8): Shares of Iskandar Waterfront City Bhd (IWCity) rose as much as 12% in active trades this morning, as positive sentiment over the possible revival of the East Coast Rail Link (ECRL) continues to improve sentiment surrounding mega projects in the country.
ECRL deal to include commitment from China to buy palm oil
KUALA LUMPUR (April 8): The re-negotiation of the East Coast Rail Link (ECRL) may see its construction price pegged at RM50mil-RM60mil per km, and may include a commitment by the Chinese government to buy Malaysian palm oil and bring in projects.
