Malaysia agrees to cost increase in China-backed East Coast Rail Link, taking longer route

Apr 5, 2021 | INVESTING

Malaysia said on Monday that it had accepted an increase of nearly 14 per cent in the estimated construction cost for the proposed East Coast Rail Link (ECRL), part of China’s Belt and Road Initiative, as the length of the route would be slightly longer.The Malaysian unit of China Communications Construction Co Ltd, CCC-ECRL, is contracted to build the line.First proposed in 2017, the project linking the east and west coast of the Malaysian peninsula was suspended a year later after an election…

Read More

Pin It on Pinterest