Caution and foresight necessary with ECRL

by: Andrew Fan, Senior Analyst at Jeffrey Cheah In­stitute on Southeast Asia

The East Coast Rail Link (ECRL) is a 688.3km-long double track rail system planned to be commissioned in 2024, which will connect Pengkalan Kubor in Kelantan on the east coast of peninsular Malaysia with Port Klang in Selangor on the west coast of peninsular Malaysia. The construction cost of this project is RM66.8 billion. However, after you consider financing costs, land acquisition, and other operational costs during development, the total project cost is expected to increase to RM80.9 billion. 85% of ECRL is funded by a loan from Exim Bank of China and 15% through the issuance of a sukuk guaranteed by the Malaysian government.

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Not so easy to restore freedom for public varsities — ex-VC

This article first appeared in The Edge Financial Daily on June 6, 2018

While the new government has promised to restore public universities and institutes of higher learning’s authority and independence, it will pose a challenge for their managements, said former Universiti Malaya vice chancellor (VC) Tan Sri Professor Ghauth Jasmon. He was referring to Pakatan Harapan’s manifesto citing universities’ board of directors (BoD) will be given autonomy and authority to appoint VCs and deputy VCs based on merit and in a transparent and competitive manner.

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