Guan Eng: I do not disagree with Prof Jomo
- 5 years ago
When asked to comment on Prof Jomo Kwame Sundaram's suggestion that it is not too late for the government to cancel the East Coast Rail Link (ECRL) project, Finance Minister Lim Guan Eng said the issue should be pursued within a wider scope.
“I'm not in total disagreement with Jomo when he said that the project was linked to the 1MDB scandal, but at the same time, the whole project has been renegotiated with the Chinese government and they have agreed to scale down and renegotiate the price of the contract.
“I think this is a win-win solution that we get. We must also understand that this (ECRL) involves relations between Malaysia and China, which is our largest trading partner. There are a lot of national considerations at stake,” he said.
“I'm not in total disagreement with Jomo when he said that the project was linked to the 1MDB scandal, but at the same time, the whole project has been renegotiated with the Chinese government and they have agreed to scale down and renegotiate the price of the contract.
“I think this is a win-win solution that we get. We must also understand that this (ECRL) involves relations between Malaysia and China, which is our largest trading partner. There are a lot of national considerations at stake,” he said.