CCCC to refund part of RM3.1 billion advance for ECRL

PUTRAJAYA: Dr Mahathir Mohamad says China Communications Construction Company Ltd (CCCC) has agreed to refund part of the RM3.1 billion advance payment for Phase 2, Double Tracking and Northern Extension, under the original contract for the East Coast Rail Link (ECRL) project.

The prime minister said RM500 million will be refunded within a week from April 12, and a further RM500 million within a month of the same date, a total of RM1 billion.

“The balance will be settled within three months after deductions for verified claims due to abortive works, suspension and cancellation of the Northern Extension,” he said in a press conference on the project here today.

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