Works Minister Fadillah Yusof denies the cost was doubled to RM60 billion to pay off 1MDB debts.
PETALING JAYA: Works Minister Fadillah Yusof denied today Sarawak Report’s claim that Putrajaya wants to double the cost of the East Coast Rail Line (ECRL) project from RM30 billion to RM60 billion to pay off 1MDB debts.
“I don’t give a damn about Sarawak Report,” Fadillah told Malay Mail Online.
“It was never discussed in Cabinet.”
The whistleblower site, citing several documents, claimed that the ECRL project would be awarded to the Chinese state-owned company China Communications Construction Company.
Sarawak Report claimed that the deal was due to be approved by Cabinet tomorrow at its regular meeting.
The site claimed the deal would allow paying off the debts of companies related to businessman Low Taek Jho (Jho Low).
The East Coast Railway project hopes to develop the East Coast Economic Region.
The 600km rail line will connect Kuala Lumpur with Bentong in Pahang. It will also link Terengganu and Kelantan.
Well let's look at the facts and figure
ReplyDeletea) Malaysia East Coast Rail: RM55b Billions (RM91.6 Millions per
KM)
b) Malaysia MRT2: RM30 Billions (RM536 Millions per KM)
c) LRT3 RM9 Billions (RM243 Millions per KM)
e) HSR RM50 Billions (RM143 Nillions per KM)
Compare with
a) Bangladesh (Dhaka to Jessore) RM14.6 Billions (RM68 millions per
KM)
b) Kenya (Uganda to Monbasa) RM7.37 billions (RM61 millions per KM)
You conclude