Advancecon wins adjudication award in ECRL payment dispute
Advancecon said its wholly-owned subsidiary, Advancecon Infra Sdn Bhd, was awarded RM7 million following proceedings administered by the Asian International Arbitration Centre.
Advancecon said its wholly-owned subsidiary, Advancecon Infra Sdn Bhd, was awarded RM7 million following proceedings administered by the Asian International Arbitration Centre.
Anthony Loke said this comes as the ECRL uses the standard gauge track, which is wider, while Thailand’s State Railway (SRT) operates on a metre gauge, creating a mismatch or a lack of alignment between the two systems.
CCC-ECRL confirmed that it had received the notice of adjudication from the Advancecon subsidiary, Advancecon Infra Sdn Bhd, which alleged outstanding payments for subgrade, drainage, and culvert works carried out under two sub-contract for the ECRL project.
“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.
In a filing with Bursa Malaysia on Thursday, the civil engineering group said its wholly owned subsidiary, Advancecon Infra Sdn Bhd, is seeking RM15.
"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.
MRL reiterated that there are "no changes" to its proposed post-construction partnership with CCCC, as per the signing of a memorandum of understanding (MOU) for ECRL’s management, operation and maintenance phase back in April 2019.
They are going to form a joint venture company to operate the RM50 billion rail that connects Kota Bharu in Kelantan to Port Klang in Selangor, based on a renegotiated contract aimed at sharing the risks of the project to reduce the financial exposure of the Malaysian government, according to Transport Minister Anthony Loke.