KUALA LUMPUR (Nov 2): Opposition members of Parliament today questioned the RM55 billion East Coast Rail Line (ECRL) project on several aspects, including the pricing, alleged lack of transparency, and need for the project. "When it comes to a high value project like this, a few approval processes are usually applied to study the feasibility, namely the pre-feasibility study (PFS), feasibility study (FS) and final investment decision (FID)," he told reporters at the Parliament lobby. Meanwhile, Kuala Krai MP Dr Hatta Ramli questioned the need for ECRL. The ECRL is a 600km long double track railway system connecting Kuala Lumpur to Tumpat, about 70km north of Kuala Krai. Bayan Baru MP Sim Tze Tzin, on the other hand, queried the RM55 billion cost of the ECRL project, describing it as "the world's most expensive railway system".

Source: The Edge Markets November 02, 2016 09:35 UTC