"China Communications Construction has agreed to refund part of the RM3.1 billion advance payment paid for phase 2, double tracking and the northern extension under the original contract.
PUTRAJAYA (April 15): Prime Minister Tun Dr Mahathir Mohamad said today China Communications Construction Co will refund to the Malaysian government within a month RM1 billion, which forms a portion of the RM3.1 billion ($1 billion) advance payment for phase 2 of the proposed East Coast Rail Link (ECRL) project.
The refund follows Malaysia Rail Link Sdn Bhd and China Communications Construction's recent ECRL supplementary agreement, under which the 640km project will proceed at a lower cost of RM44 billion compared with its original cost of RM65.5 billion.
