Dr M: Govt renegotiated ECRL to avoid paying RM21.78bil termination fee
- 4 years ago
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.
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.