Azmin confirms ECRL scrapped, says due to RM500 million annual interest

Economic Affairs Minister Azmin Ali says the cabinet made the decision on Thursday. – The Malaysian Insight file pic, January 26, 2019.

THE cabinet has decided to terminate the East Coast Rail Link (ECRL) project after considering the high annual interest that the country would have had to bear, said Economic Affairs Minister Azmin Ali.

Azmin said the cabinet decided on Thursday to scrap the project, as RM500 million in interest would have had to be paid annually were it to continue.

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  • only one of the reasons ...

    Posted 3 years ago by TC BOY