KUALA LUMPUR (Bernama): Tun Daim Zainuddin has expressed confidence that the price tag for the East Coast Rail Link (ECRL), which was reduced by RM21.5bil to RM44bil, is highly likely to come down even further. He said this was possible once rail construction experts in both Malaysia Rail Link Sdn Bhd (MRL) and China Communications Construction Company Ltd (CCCC) sit down to work out the technical details of the mammoth infrastructure project. Earlier this week, MRL and CCCC agreed to form a 50:50 joint-venture (JV) company to manage, operate and maintain the ECRL rail network. Daim also clarified that the supplementary agreement for the ECRL includes double-tracking for the entire 640km rail line. "Those who are saying that the new cost of RM44bil came at the expense of certain features such as double-tracking are lying.

Source: The Star April 18, 2019 13:47 UTC