ECRL changes get several thumbs up

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PETALING JAYA: The resumption of the East Coast Rail Link (ECRL) project, with new conditions favourable to Malaysia and at a lower price, has receive...

: The resumption of the East Coast Rail Link project, with new conditions favourable to Malaysia and at a lower price, has received the thumbs up from various quarters.

He added that the increased participation of local contractors for civil works from 30% to 40% would help reduce contractors’ burden and further elevate their gains. “The supplementary agreement that was signed between Malaysia Rail Link Sdn Bhd and the China Communications Construction Company Ltd is a sign that this is a form of goodwill between the two countries, and that we are actually working towards resolving issues within the framework of a so-called lopsided agreement,“ he told theSun today.

Goh said although the ECRL, like most public transport systems, would likely operate at a loss, it could help to boost economic growth in areas along its route. Goh also said the original ECRL line was demand driven as it was taking advantage of the passenger flow, connectivity to the Klang Valley and established industries like Proton City.

Meanwhile, US economist Panos Mourdoukoutas hailed the ECRL deal as a win for Prime Minister Tun Dr Mahathir Mohamad. He pointed out that Mahathir had forced China back to the negotiating table after cancelling the ECRL in August.

 

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Just glad PH Govt came to their good sense to continue ECRL..We need it..

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