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This train project is part of the mega-road project at a Chinese government belt
REPUBLIKA.CO.ID, KUALA LUMPUR – The Malaysian company East Coast Railway Link, owner of a 20 billion project of dollars, told the main contractor of China To suspend jobs, companies said Wednesday (4/7). The statement raises uncertainties about the future portion of the One Million Belt and One Road (OBOR) megaproject project.
The coastline is 688 km will connect the South China Sea on the east coast of the Malaysian peninsula in the west and is an important part of China's infrastructure throughout Asia and beyond the region. The suspension came as Malaysia tried to renegotiate the terms of the agreement with China The Malaysian government continues the project Najib Razak
Since the shocking electoral victory In May, the new Malaysian government has promised to reduce its national debt, eradicate corruption and review major projects approved by the government Najib Razak, scandalized by the scandals.
The Edge first reported the end of the project, referring to a letter sent by Malaysia Rail Link Sdn Bhd (MRL) to China Communications Construction Co. Ltd. (CCCC) citing the basics of "national interest" among other reasons. A spokesman for MRL confirmed the investigation to Reuters but declined to comment further.
The CCCC said in a statement that he regretted the suspension and was "upset and worried" about the impact he had on more than 2,250 local and recruited employees. other live. "We respect and respect Malaysian law, that we have no choice but to abide by the suspension instructions," he said, adding that he hoped the suspension would be lifted. as soon as possible.
Malaysian Finance Minister Lim Guan Eng China was soon to renegotiate the agreement and said in a statement Tuesday that the ECRL would only become economically viable in the event of a drastic reduction in funding.
Completing the project to build the largest Malaysian railway line would cost $ 20 billion The United States, Lim said Tuesday, was nearly 50 percent higher than expected under the previous administration.
"We expect that the ECRL project will be economically and financially feasible if there is a drastic reduction in the price of the project by the CCCC" a statement.
The new Malaysian government ah stop a railroad project with Singapore.
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