The RM44 billion East Coast Rail Link is expected to contribute 2.7 percent to Malaysia’s economic growth, says MIDF Research."However, the full GDP contribution will depend on the pace of spillover effects to other economic sectors.
"As the project requires machinery and transport equipment, our estimate shows imported commodities and consumption of fixed capital to increase by 3.3 and 2.1 percent respectively,” it said in a research note today. The research firm expected that since 70 percent of the transportation would be for freight purposes, the project would be a catalyst for industries and exporters in Malaysia.
"On the other hand, improvement in transportation and connectivity will assist Malaysia in terms of better resources allocations, upgrade in productivity, increase in mobility and improving socioeconomic developments economies which partly facilitate China’s Belt and Road initiative,” it said.
Source: Financial Digest (financialdigest.net)
Icing to cake to mask missing ECRL facts? Gemas-JB $46m/km vs ECRL $69m/km . That is $23m/km extra for 650km is RM15bil Why need 44bil HIGHSPEED CARGO train into jungle? What is 650km land acquisition cost? 2.7% growth ? When MIDFGroup don't even know real ECRL cost
MIDFGroup you gonna subsidize our tickets to obtain your 2.7pct growth ? ECRL madness
How? We not stupid u take loan to build this white Elephant, u pay interest and principles than only than if any talk about profit,
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