MM Online - T7 Global: ECRL price renegotiation a welcome move (extracts):
KUALA LUMPUR, June 26 — T7 Global Bhd has welcomed the price renegotiation in the East Coast Rail Line (ECRL) project mooted by the new government. [...]
Yesterday, Prime Minister Tun Dr Mahathir Mohamad said the government would proceed with the ECRL if it can obtain more favourable terms through renegotiation and if the project’s cost is reduced.
Asked if the company would collaborate with tycoon Tan Sri Vincent Tan’s Berjaya Group’s construction projects given that the latter is one of the substantial shareholders of T7 Global, he said: “We are not closed to collaborating with anybody, but Vincent Tan is our shareholder now, we will take whatever opportunities we have to collaborate in sync with him.”
