What is the rationale of the rerouting ? no reason of rerouting = tunggu masa la
The original intention of ECRL is to cut the travelling time from East Coast to Port Klang to by-pass Singapore, giving similar effect to compete with the Kra Canal proposal. You pusing sana, pusing sini, end up a screwing up the original plan intended.
If really materialize & not political cock talking to bait votes, Matrix Concept should benefits.
According to Lim Guan Eng, the northern route through Gombak will cut across the 16km-long Klang Gates Quartz Ridge. The Selangor Government is currently lobbying for the Quartz Ridge to be gazetted as a Unesco World Heritage Site. Therefore, the southern route is a better option.
It is still going to Port Klang. In fact, this is a better option as it is passing through the more developed and high growth area of the Southern Corridor. It ends in the proposed RM200bil Third Klang Port in Carey Island.
Sime Property's Carey Island will be a hotspot for Klang Valley development. With now the ECRL rerouted and ended in Carey Island (or the starting point of ECRL if we go from west to east). This RM60bil ECRL project will drive and propel the growth of Carey Island. Sime Property has 11,000ha landbank in Carey Island. Any RM10 per square foot increase in the land price will translate to a profit of RM11.84bil or RM1.74 per share. A RM20 per square foot increase in land price will translate into a profit of RM3.48 per share. Compare this to this price of RM1.15 now.
Sime Property's Carey Island is connected with South Klang Valley Expressway (SKVE). Therefore, the infrastructure is good and the expressway will connect Carey Island to Elite Highway, Maju Expressway, Besraya Highway and Kuala Lumpur - Seremban Highway. In the future, it will also be linked to West Coast Expressway once WCE is completed. The accessibility and infrastructure are superb and they will be further enhanced by ECRL.
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Sami_Value
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Posted by Sami_Value > 2019-04-09 11:56 | Report Abuse
What is the rationale of the rerouting ? no reason of rerouting = tunggu masa la
The original intention of ECRL is to cut the travelling time from East Coast to Port Klang to by-pass Singapore, giving similar effect to compete with the Kra Canal proposal. You pusing sana, pusing sini, end up a screwing up the original plan intended.
If really materialize & not political cock talking to bait votes, Matrix Concept should benefits.