ECRL to proceed at smaller scale, lower cost KONG SEE HOH / 07 APR 2019 / 17:11 H. ECRL to proceed at smaller scale, lower cost The original proposed route for the ECRL on March 8, 2017. The new route has yet to be revealed. — Bernama FOLLOWING months of negotiations, Malaysia and China have reached an agreement to resume the East Coast Rail Link (ECRL) project, which was suspended last July.
It will be carried out on a smaller scale, and at a lower cost with some changes to the route, Sin Chew Daily reported today.
The daily learnt that the cost of the project, which was originally tagged at RM66 billion, will be slashed by more than RM10 billion.
A well-placed source told the daily that what the two parties had arrived at was a win-win solution as the re-negotiated project includes new commercial elements, which will bring about greater benefits to local entrepreneurs and people.
It is learnt that an agreement will be signed prior to Prime Minister Tun Dr Mahathir Mohamad’s visit to China at the end of this month, marking the resumption of the project.
The source said Council of Eminent Persons chairman Tun Daim Zainuddin, who is representing Malaysia in the negotiations, will fly to Beijing soon to sign the agreement.
Mahathir is scheduled to visit China from April 24 to 28 at the invitation of Chinese premier Xi Jinping to attend the second Belt and Road Initiative summit.
It is understood that Mahathir will address the summit and emphasise Malaysia’s support for the Belt and Road Initiative.
According to the report, environmental considerations are the main reason that changes will be made to the ECRL route.
Did you like this article? 0 0 0
The App That’s Teaching Millennials To Start Speaking A Language in Just 3 Weeks Babbel | Sponsored 7 Drinks That Will Naturally Cleanse Your Liver Health & Human Research | Sponsored 12 Dream Jobs You Didn't Know Existed Job Tradition | Sponsored 11 Cheapest Countries For Retirement Relocation Target | Sponsored Is It Possible To "Regrow" Your Teeth? Hearty Aging | Sponsored 7 Foods that Are Ruining Your Kidneys Health & Human Research | Sponsored Eat 3 Kiwi Fruits Every Day And This Can Happen to You Health & Human Research | Sponsored The 2019 Prices of Dental Implants in Thailand May Surprise You Dental Implants | Search Ads | Sponsored Nur Izzah accepts Mahathir's apology The Sun Daily RELATED NEWS Picture for representation only. — AFP Coffee to be a main crop under Sarawak’s agriculture transformation programme: Uggah Local 07 Apr 2019 / 20:49 Picture for representation only. — AFP Malaysia among preferred destinations for IVF: Dr Dzulkefly Local 07 Apr 2019 / 20:48 Pakatan Harapan (PH) candidate Dr S. Streram chats with residents during a walkabout programme at Pasar Pekan Rantau, Rembau on April 3, 2019 ahead of the Rantau by-election. — BBX Streram needs to win over at least 20% of Malay voters Local 07 Apr 2019 / 20:06 Picture for representation only. — Bernama Rantau by-election: Dr Streram denies campaign director detained Local 07 Apr 2019 / 20:02 Today's popular Most shared 1 Ex-Datuk Seri arrested by MACC, set to face more charges 2 Chen Long vs Lin Dan in 2019 Malaysia Open final 3 ECRL to proceed at smaller scale, lower cost 4 Withdrawal from Rome Satute a wise move: Anwar 5 RM10m transfer was for London apartment: Mohamad Hasan email blast
LIVE FOOTBALL RESULTS
SUN MEDIA CORPORATION SDN BHD (221220-K) Level 4, Lot 6 Jalan 51/217 46050 Petaling Jaya, Selangor,
Malaysia
Tel: +603-7784 6688
Fax: +603-7785 2624 / +603-7785 2625
Download the free APP LOCAL WORLD BUSINESS SPORT ENTERTAINMENT & LIFESTYLE OPINION SUPPLEMENT MEDIA & MARKETING GEAR UP! CONTACT US
Construction on the RM9bil light rail transit (LRT) line and the RM9.6bil Pan Island Link 1 (PIL 1) are scheduled to start in June next year. The Star learnt that the PIL has received approval from the Department of Environment – the federal regulator overseeing the Environmental Impact Assessment (EIA) report – in March while the LRT is expected to receive a conditional approval from the Transport Ministry in May.
Both mega projects will be tendered to local and international companies at the end of the year.
to RM3.90 as it believes the group is in prime position to participate in upcoming mega rail projects such as the Kuala Lumpur-Singapore High Speed Rail (HSR) and East Coast Rail Link (ECRL).
The research house said on Wednesday that while there was no change to its earnings forecast, it raised its target price slightly from RM3.75 to RM3.90 after rolling over its valuation horizon from mid-FY19 to end-FY19.
Gong xi fat cai. Selamat hari raya aidilfitri. Happy deepavali. Mrcb already UP, wct coming soon. Buy or you will regret. You own decisions, own target.
Gkent is the mrcb sub contractor, and cccc jv company. Obviously, Gkent is the ecrl related counter .
Last month, a consortium was formed between GKent and four European names (Siemens, Alstom, Italian State Railways and PORR) to bid for the high-speed rail (HSR) asset company role. Management expects bidding competition from Chinese, Japanese and Korean consortiums. The tender will close at end-June.
Other potential jobs include Singapore MRT track works (S$150 million or RM446.25 million), a hospital (RM500 million), East Coast Rail Link (ECRL) systems (RM1 billion) and water-related jobs.
Gamuda and MRCB expected to tender for Penang LRT project. Since Gkent is the sub contractor for MRCB, then Gkent price should go up inline with MRCB. So buy Gkent fast.
While it may shed some light in revival of HSR, but this is merely opening tender for Technical Advisory Consultant before the construction suspension ends in 2020 , not tendering for the railway work.
An agreement has been reached by Malaysia and China for the East Coast Rail Link (ECRL) project to resume following its suspension last year, The Sun Daily quotes a report by Sin Chew Daily.
Initially priced at RM66 billion, the ECRL will have its costs cut by more than RM10 billion. The report added that both countries had come to a resolution for the re-negotiated project that includes new commercial elements which will bring added benefits to local entrepreneurs and people.
An agreement will be signed ahead of prime minister Tun Dr Mahathir Mohamad’s visit to China at the end of this month, the publication was told by its source. The chairman of the Council of Eminent Persons, Tun Daim Zainuddin, Malaysia’s representative in the negotiations, will travel to Beijing to sign the agreement.
Mahathir has been scheduled to visit China – at the invitation of Chinese premier Xi Jinping – to attend the second Belt and Road initiative summit, and the Malaysian prime minister is expected to address the summit and emphasise the country’s support for the Belt and Road initiative, the report said, adding that environmental concerns are the main reason for changes to the ECRL route.
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
MQ Trader 277 views | 1 d ago
0:17
New IPO: An enterprise IT solutions provider that provides implementation services, maintenance, support and professional services, Vetece Holdings Bhd aims to list on the Ace Market!
MQ Trader 471 views | 5 d ago
0:17
New IPO: A manufacturing and trading of biomass fuel products, particularly PKS and wood pellets company, Elridge Energy Holdings Bhd aims to list on the Ace Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Bursalord
653 posts
Posted by Bursalord > 2019-04-06 16:26 | Report Abuse
All the way to break rm 4