Dr M: Govt renegotiated ECRL to avoid paying RM21.78bil termination fee | TheStarTV.com

Dr M: Govt renegotiated ECRL to avoid paying RM21.78bil termination fee

Published on 15 Apr 2019 3:24:56 PM

The government decided to go back to the negotiation table on the East Coast Rail Link (ECRL) project because its termination would cost RM21.78bil with “nothing to show for it”, says Prime Minister Tun Dr Mahathir Mohamad.

Speaking to reporters after announcing the resumption of the project on Monday, Dr Mahathir said in renegotiating the project, the government called for a more equitable deal, where the needs of Malaysians would be prioritised.

Keywords
china, china communication construction company ltd, east coast rail link project, ecrl, exim bank, mahathir, mahathir mohamad, malaysia, malaysia rail link sdn bhd, negotiation table

The government decided to go back to the negotiation table on the East Coast Rail Link (ECRL) project because its termination would cost RM21.78bil with “nothing to show for it”, says Prime Minister Tun Dr Mahathir Mohamad.

Speaking to reporters after announcing the resumption of the project on Monday, Dr Mahathir said in renegotiating the project, the government called for a more equitable deal, where the needs of Malaysians would be prioritised.

Keywords:
china, china communication construction company ltd, east coast rail link project, ecrl, exim bank, mahathir, mahathir mohamad, malaysia, malaysia rail link sdn bhd, negotiation table

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