A general view of the construction site of the East Coast Rail Link project in Bentong July 10, 2018. — Bernama pic
The Malaysian ECRL project owner, which will form a 50-50 joint venture with CCCC to operate the ECRL, cited Section 40 of the National Land Code that any rock minerals belonged to the state where they were found. MRL, a subsidiary of Minister of Finance Incorporated , also reiterated that it would have full ownership of assets in its joint venture with CCCC and that the joint venture’s board and CEO would be appointed by the Malaysian government.
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