Putrajaya should heed Nazir Razak’s advice on ECRL

Media Statement by Yeo Bee Yin, ADUN Damansara Utama, on Friday 21 July 2017 in Petaling Jaya.

Putrajaya should heed Nazir Razak’s suggestion to thoroughly scrutinize East Coast Rail Line (ECRL).

The Edge Financial Daily reported that Nazir Razak has called for government scrutiny on China’s One Belt, One Road (OBOR) initiatives, particularly the East Coast Rail Line (ECRL) project at the roundtable on “China’s Belt and Road Initative in ASEAN: Economic Opportunities and ASEAN Centrality”.

We have repeatedly raised concerns regarding the East Coast Rail Line (ECRL) but all seem to have fallen into deaf ears. Now even Nazir Razak, who is a prominent banker, raised concerns over the value proposition of the project as well as the debt implications, we hope that Putrajaya will heed his suggestion to thoroughly scrutinize the deal.