Default costs stopping Malaysia from halting ECRL


The Malaysian Insight

The former administration led by prime minister Najib Razak (third left) with transport minister Liow Tiong Lai (third right), finance minister II Johari Abdul Ghani (second right) and minister in the Prime Minister's Department Abdul Rahman Dahlan (right) has inked an RM46 billion agreement with China to proceed with phase 1 of the East Coast Rail Link. – The Malaysian Insight pic, May 31, 2018.

MALAYSIA may find it tough to act as clinically on the RM66 billion East Coast Rail LINK (ECRL) as it did on the high-speed rail (HSR) link to Singapore

Government sources said it is trickier to pull out of the Kelantan to Port Klang rail link project because the agreement for phase 1 costing some RM46 billion has been signed and the loan from China’s Exim Bank has been drawn down.


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Comments


  • CCCC has to give full accounting where all the money when including the accounting of their contractor. It looked like this thing was signed by Rosmah or Isa Samad. No way they spent all that money and it did not go to corruption. If it is corrupt, then forget, tell Beijing to take a hike.

    Posted 3 years ago by Bigjoe Lam

  • Tell Xi Jinping if this thing is corrupt, then I can say for all Chinese Malaysia, China wants to go to war, we Chinese Malaysian will stand in front, let them shoot us and the world see how China treat people.

    Posted 3 years ago by Bigjoe Lam

  • Either CCCC or the Chinese government come clean on the actual construction cost or be shamed internationally for building the most expensive single track rail line per km that is not even a high speed track, at three times the comparative high speed rail per km in comparable recent times. Slash the kickback portion would easily half the cost alone.

    Posted 3 years ago by Shovel Nose