A 50:50 joint venture between Citaglobal Bhd and Reneuco Bhd has received and accepted a letter of intent to become the independent power producer (IPP) for ...
The award is subject to the execution of a formal contract agreement to be entered into between the consortium members, Citaglobal and Reneuco, formerly known as KPower Bhd, with MRL in due course. MRL, an entity of the of Finance Ministry, is the owner of ECRL project, an electrified railway project by the government linking the East Coast states of Kelantan, Terengganu and Pahang to the Greater Klang Valley region. The ECRL project is a 640km-long railway link connecting different parts of the east coast region with the west coast region in Peninsular Malaysia.
A 50:50 joint venture consortium between Reneuco Bhd (formerly known as KPower Bhd) and Citaglobal Bhd (formerly known as WZ Satu Bhd) has won a tender to ...
The stock has gained 23% YTD. "This award will be subject to the execution of a formal contract agreement between the consortium and MRL, which will be finalised in due course," added Reneuco. KUALA LUMPUR (Dec 21): A 50:50 joint venture consortium between Reneuco Bhd (formerly known as KPower Bhd) and Citaglobal Bhd (formerly known as WZ Satu Bhd) has won a tender to develop an independent power producer (IPP) project for the East Coast Rail Link (ECRL) network.
KUALA LUMPUR: A consortium between Reneuco Bhd (formerly known as KPower Bhd) and Citaglobal Bhd (formerly known as WZ Satu Bhd) has bagged a tender to ...
The Ministry of Transport (MOT) said the total development cost of the East Coast Rail Link (ECRL) project is now estimated at RM74.96 billion consisting of ...
The ECRL project involves the construction of a 665km railway line, with 20 stations from Kota Bharu to Port Klang. “The total development cost of the ECRL 1.0 amounted to RM85.97 billion, including construction cost of RM66.78 billion and other development costs of RM19.19 billion,” the MOT said. KUALA LUMPUR (Dec 22): The Ministry of Transport (MOT) said the total development cost of the East Coast Rail Link (ECRL) project is now estimated at RM74.96 billion consisting of construction cost at RM50.27 billion, while other development costs amount to RM24.69 billion.
PETALING JAYA: Former Transport Minister Datuk Seri Dr Wee Ka Siong has congratulated the new government for continuing with the East Coast Rail Link (ECRL) ...
On the project cost for ECRL in 2016, Dr Wee said he had no knowledge about the initial cost quoted by the Prime Minister. "My joint press conference with Mentrri Besar Datuk Seri Amirudin Shari on December 2, 2021 marked the state’s acceptance to proceed with the northern alignment (now dubbed ECRL 3.0 alignment) after all outstanding issues with the state’s environmental and social concerns were resolved. Dr Wee was responding to Prime Minister Datuk Seri Anwar Ibrahim press conference after the Cabinet meeting in Putrajaya on Wednesday (Dec 21) that the ECRL project would proceed at a reduced overall cost of RM74.96bil, compared with the original cost of RM85.97bil approved in 2016.
RENEUCO Bhd's consortium with Citaglobal Bhd has received a letter of intent to become the independent power producer (IPP) for the East Coast Rail Link ...
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The transport ministry says the other development costs include interest during construction, land acquisition, transfer of utilities and connection charges ...
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KUALA LUMPUR: The East Coast Rail Link (ECRL) project will proceed with its cost reduced by RM11.01 billion from the original RM85.97 billion approved...
“I congratulate the Transport Ministry, Finance Ministry and Works Ministry for helping to assist in expediting the negotiation process, and being able to reduce the total cost compared with that approved in 2016.” “Even though there is additional cost to finance the project’s realignment which we have approved, it has enabled the total cost to be reduced by RM11.01 billion,” he said after chairing the Cabinet meeting yesterday. He said the project’s total cost was reduced although there are applications for additional cost following a new realignment and the project is still subject to the old agreement.
The East Coast Rail Link (ECRL) project will proceed at a lower cost of RM11.01 billion compared with the original cost of RM85.97 billion approved in 2016, ...
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Prime Minister Datuk Seri Anwar Ibrahim stressed that the Government had decided to proceed with the project that was approved previously, and did not...
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PETALING JAYA: The lower construction cost of the East Coast Rail Link Project (ECRL) 3.0 was achieved through a series of contract renegotiations that were ...
The Transport Ministry explained that the savings of RM11.01bil for the ECRL is a comparison of the TDC between the ECRL project launched in 2017 (ECRL 1.0) and the ECRL project currently underway (ECRL 3.0). On Wednesday (Dec 21), Anwar said that the ECRL project will proceed at a reduced overall cost of RM74.96bil, compared with the original cost of RM85.97bil approved in 2016. "Thus, the TDC difference between ECRL 1.0 and ECRL 3.0 results in savings of RM11.01bil for the ECRL project as stated by Prime Minister Datuk Seri Anwar Ibrahim," read the statement. "The total development cost (TDC) for ECRL 1.0 amounts to RM85.97bil, including construction costs of RM66.78bil and other costs such as interest during construction (IDC), land acquisition, transfer of utilities and continuity fees and operating expenses amounting to RM19.19bil. In a statement on Thursday (Dec 22), the ministry explained that among the factors that contributed to the reduction of the overall construction cost were the comprehensive implementation of value engineering (VM) and the realignment of the ECRL track on Section C (Temerloh Serendah-Klang Port). PETALING JAYA: The lower construction cost of the East Coast Rail Link Project (ECRL) 3.0 was achieved through a series of contract renegotiations that were finalised in 2019 and 2022, says the Transport Ministry.
PUTRAJAYA: The savings in the total development cost (TDC) of RM11 billion on the East Coast Rail Link (ECRL) is contributed by among others from the ...
As a comparison, according to MOT, the original TDC for the ECRL project which was launched in 2017 (ECRL 1.0) amounted to RM85.97 billion encompassing construction cost of RM66.78 billion and other development costs such as (Interest During Construction -IDC), land acquisition, utility transfer and connection fees as well as operating expenses totalling RM19.19 billion. Meanwhile, the TDC for ECRL 3.0 is estimated to amount to RM74.96 billion including the much lower construction cost of RM50.27 billion, while other development costs such as IDC, land acquisition, utility transfer and connection fees and operating expenses amounted to RM24.69 billion. “The ministry also stresses that the cost of ECRL 3.0 (current project) construction which is lower was realised thorough a series of negotiations to review the ECRL contract which was finalised in 2019 and 2022,” according to the ministry in statement today.
PUTRAJAYA, Dec 22 — The savings in the total development cost (TDC) of RM11 billion on the East Coast Rail Link (ECRL) is contributed by among others from ...
Meanwhile, the TDC for ECRL 3.0 is estimated to amount to RM74.96 billion including the much lower construction cost of RM50.27 billion, while other development costs such as IDC, land acquisition, utility transfer and connection fees and operating expenses amounted to RM24.69 billion. As a comparison, according to MOT, the original TDC for the ECRL project which was launched in 2017 (ECRL 1.0) amounted to RM85.97 billion encompassing construction cost of RM66.78 billion and other development costs such as (Interest During Construction — IDC), land acquisition, utility transfer and connection fees as well as operating expenses totalling RM19.19 billion. “The ministry also stresses that the cost of ECRL 3.0 (current project) construction which is lower was realised thorough a series of negotiations to review the ECRL contract which was finalised in 2019 and 2022,” according to the ministry in statement today.