: Neither Malaysia Rail Link Sdn Bhd or the government have claimed the savings of RM21.5 billion for the improved East Coast Rail Link project was purely from an element of overpricing.
It said the government was faced with a choice of either renegotiating the EPCC agreement or pay a hefty termination cost of RM21.78 billion. MRL said this included an impressive reduction of RM21.5 billion or 33% of the project’s cost to RM44 billion, the establishment of a 50:50 joint-venture company between MRL and CCCC for the operation and maintenance of the ECRL, and an increase in the participation of Malaysian contractors in the civil works.
“This itself negated the need for a new feasibility study since we were working on the premise to avoid paying a termination fee of a staggering RM21.78 billion,” it said. According to MRL, the 17.8km long Genting Tunnel is no longer part of the ECRL project, instead a twin-bore tunnel of approximately 7.0km in length will be constructed in the Jelebu-Semenyih area, which would help reduce the loss of forest and minimise impact on wildlife.
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