The government has been urged to relook at the RM44 billion East Coast Rail Link project by a member of the Malaysian Council of Eminent Persons, Dr Jomo Kwame Sundaram“It is not a trivial amount,” he told reporters on the sidelines of the public forum held by the Institute for Democracy and Economic Affairs here yesterday
“The whole project was intended basically for fundraising. Putrajaya should consider this project very seriously. Borrowing from Japan may be the best choice now, but what are we borrowing for.”Jomo said the government would need to continue subsidising the railway, but it could be a white elephant. He believed the ECRL project to connect Kelantan to the Klang Valley would be under-utilised and heavily subsidised, forcing future generations to bear the cost as well.
He said the money should instead be used on the people of Kelantan, adding that the state “does poorly on so many indicators”. For instance, he said, the people in Kelantan and Terengganu need clean water and a mechanism to deal with annual flash floods. “We need to deal with a lot of problems on the wellbeing of the people in Kelantan,” he added.
its also an enviromental disaster
we don need the ECRL...mentality is still 4th world!!!
khalidkarim
RAMAI LAH YG MATI TERKORBAN BUAT ECRL
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Selepas keterangan saksi 1MDB, Putrajaya tak ada sebab teruskan ECRL, kata Jomo | The Malaysian InsightAmhari Efendi Nazaruddin mendedahkan ECRL salah sebuah projek digunakan untuk bayar hutang 1MDB.
Source: msianinsight - 🏆 8. / 63 Read more »
Put money from Samurai bond to good use, suspend ECRL, says JomoThe economist suggests that Putrajaya hold discussions with China on new revelations in court that the ECRL was mooted by BN to bail out 1MDB. FMTNews Rubbish He's good...good for nothing...
Source: fmtoday - 🏆 5. / 72 Read more »
Not too late to derail ‘1MDB-bailout’ ECRL: Economist'The new gov't should not be complicit in covering up what the previous gov't was trying to do,' says Jomo Kwame Sundaram. Malaysian must let chedetofficial know it's better to bite the bullet ... Than burden millions of Malaysians to eternal ECRL debt and losses Which country in the world uses HIGH SPEED TRAINS for cargo but DAIMadness What are you smoking la prof. What bailout. Macc witness in the tanore case said the word 'bailout' was only the edge's interpretation. They promised to cancel the project, saying wasteful. Yet the new gomen continued it. You gain benefit by getting post in khazanah.
Source: malaysiakini - 🏆 20. / 51 Read more »
Negri MB: Nilai confirmed as a stop on ECRLSEREMBAN: Nilai will be the second stop in Negri Sembilan for the East Coast Rail Link (ECRL), says Mentri Besar Datuk Seri Aminuddin Harun. 1. Did many companies has acquired the land for the ECRL from Serting to Nilai? 2. Will the State later buy those land from many companies? And later sell it to the project developer? 3. Why is it will cost more than $400K per station comparison to the previous $300K cost? power aaa zulkarnainhasni
Source: staronline - 🏆 4. / 75 Read more »
Nilai will be second ECRL station in Negri Sembilan | The Malaysian InsightNext stop towards west coast will be Putrajaya, says MB.
Source: msianinsight - 🏆 8. / 63 Read more »
After 1MDB trial testimony, govt has no reason to proceed with ECRL, says economist | The Malaysian InsightA key witness has told the court in the 1MDB trial that the rail project was created to bail out the fund. but the old turds children's lifestyle...bugattis, Porsches..need lots of monies
Source: msianinsight - 🏆 8. / 63 Read more »