Lim: Talks are ongoing with China to revive ECRL
KUALA LUMPUR: Finance Minister Lim Guan Eng is optimistic that a deal can be finalised with China to revive the East Coast Rail Link (ECRL) by April.
He said talks are ongoing with China to reduce the cost of the project and that a final decision can be made by the time Prime Minister Tun Mahathir Mohammed visits the country in April.
“We’re hopeful the matter can be revived and that China will meet our request for a price reduction,” he said at a press conference during the 12th Malaysian Property Summit 2019, today.
According to a Bloomberg report, China is willing to reduce the US$20bil (RM81bil) price tag for the ECRL project, with discussions between the two nations on the project said to be “in the last mile.”
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