TATIAI - Construction work has resumed on Malaysia's biggest mega project, the East Coast Rail Link...

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TATIAI - Construction work has resumed on Malaysia's biggest mega project, the East Coast Rail Link (ECRL), after the government gave its approval, the project's main contractor said on Tuesday (28 April 2020). Work on the China-led project was suspended in July 2018 after the Pakatan Harapan government, which assumed office in May that year, complained about its exorbitant price tag. In April 2019, Tun Daim Zainuddin, who was an adviser to PH, convinced the government to resume the project with China Communication Construction Company in a new deal costing RM44 billion, down from the original RM65.5 billion agreed by the Najib Razak government. At present, the project is 15 percent completed after work resumed in July last year on tunnels and viaducts along its route from Terengganu to Pahang. As part of the new deal, China also agreed to a 50-50 joint venture to operate the 640km line across Peninsular Malaysia, reducing Kuala Lumpur's financial risks. The previous arrangement was for Malaysia to shoulder the entire cost of operation and maintenance. Expected to be completed by December 2026, the ECRL will see the journey from Kelantan's state capital, Kota Baru, to Putrajaya taking just four hours - about half the time needed to travel by car. (New Straits Times, 28 April 2020) Required Based on the above news article, propose the type of loan, terms, tenure, and conditions suitable for this project. (15 marks) TATIAI - Construction work has resumed on Malaysia's biggest mega project, the East Coast Rail Link (ECRL), after the government gave its approval, the project's main contractor said on Tuesday (28 April 2020). Work on the China-led project was suspended in July 2018 after the Pakatan Harapan government, which assumed office in May that year, complained about its exorbitant price tag. In April 2019, Tun Daim Zainuddin, who was an adviser to PH, convinced the government to resume the project with China Communication Construction Company in a new deal costing RM44 billion, down from the original RM65.5 billion agreed by the Najib Razak government. At present, the project is 15 percent completed after work resumed in July last year on tunnels and viaducts along its route from Terengganu to Pahang. As part of the new deal, China also agreed to a 50-50 joint venture to operate the 640km line across Peninsular Malaysia, reducing Kuala Lumpur's financial risks. The previous arrangement was for Malaysia to shoulder the entire cost of operation and maintenance. Expected to be completed by December 2026, the ECRL will see the journey from Kelantan's state capital, Kota Baru, to Putrajaya taking just four hours - about half the time needed to travel by car. (New Straits Times, 28 April 2020) Required Based on the above news article, propose the type of loan, terms, tenure, and conditions suitable for this project. (15 marks)