ECRL to cost up to RM130 billion, says Dr Mahathir

Chan Kok Leong Chan Kok Leong Updated 1 year ago · Published on 20 Mar 2019 11:10AM · 4 Comments

Prime Minister Dr Mahathir Mohamad says Malaysia must re-look the ECRL project as the cost of financing it will balloon to more than RM100 billion when interest is taken into consideration. – The Malaysian Insight pic by Kamal Ariffin, March 20, 2019.

THE East Coast Rail Link (ECRL) project is estimated to cost as much as RM130 billion after factoring interest costs, said Dr Mahathir Mohamad.

The prime minister disclosed this during the question-and-answer session in the Dewan Rakyat today.

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Comments

  • Another bull craps. What somemore. What is so great about Daim ???. What is the actual amount.?? After winning GE14 it was immediately announced that it cost more than 80billions and after negotiations it was 50 % reductions andCina was willing to absorb . Now with the few famous guys running into the show it has gone up to 130 billion factoring the running interest cost but was'nt mentioned intially as it was taken as a lump sum deal.

    Posted 1 year ago by Lee Lee

    • It's a Pity your not too smart...

      Posted 1 year ago by Praveen R

    • How I wish I am really smart like you. Can you please help to enlighten me and the rakyat as well on how the costing is jumping by many folds as nothing in the project really change in the initial blue print. Taking into account that Najib is lying thru his teeth in hyping up the cost but was never near that amount of 130Bil. i am still dazed and puzzled but it seems that you are easily accepting the figure like gospel truth .. I need to learn that art from you..

      Posted 1 year ago by Lee Lee

  • This 139 billion economically unfeasible project will have bankrupted our nation if Najib and BN had won the 14th General Elections. Najib has the temerity to use the Malu Boss Ku slogan now despite the country's shame if it had to borrow this money from a foreign country. What a shameless liar and cheat we have in the guise of MO1.

    Posted 1 year ago by Panchen Low