Can ECRL be completed for RM10 billion?

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The Possibility of Completing the ECRL for RM10 Billion is Under Study

Tun Dr Mahathir Mohamad indicated that the government has received offers to complete the East Coast Rail Link (ECRL) for as low as RM10 billion, a significant reduction from the current RM55 billion cost. While acknowledging that such a low price point may not be feasible, the Prime Minister stated that these offers, some from Chinese and some from local companies, are being studied to assess the possibility of completing the project at a substantially reduced cost.
Offers for Reduced ECRL Completion Cost Received

The government has been presented with proposals suggesting the ECRL could be completed for a fraction of its current RM55 billion price tag. Tun Dr Mahathir Mohamad mentioned that these offers ranged as low as RM10 billion, with some coming from Chinese firms and others from local entities. He indicated that the country cannot sustain the current cost, making the exploration of these lower-cost alternatives a necessity.
Need to Study Feasibility of Lower Cost

While the substantial difference between the current RM55 billion cost and the RM10 billion offers is acknowledged, Tun Dr Mahathir Mohamad emphasized the need for thorough study. He stated that these proposals must be examined to determine the genuine possibility of completing the ECRL for such a reduced amount, suggesting that failing to investigate such an offer would be unwise. The specifics of whether these offers were based on the existing project parameters or modified ones were not detailed.
Ongoing Reviews Following Initial Cancellation Announcement

The current discussions around a significantly cheaper ECRL follow an earlier announcement in principle regarding the project's cancellation. Tun Dr Mahathir Mohamad clarified that this initial announcement was made "in principle," with ongoing studies to explore options such as postponement or making the ECRL cheaper. These reviews are part of a broader effort to re-evaluate the financial viability and scope of the mega-project.

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Can ECRL be completed for RM10 billion?

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