The Kelantan state government has established an action plan addressing potential flood risks in areas associated with the East Coast Rail Link project. Menteri Besar Datuk Mohd Nassuruddin Daud confirmed that ECRL developers are implementing specific countermeasures, including the construction of new drainage systems to facilitate proper water flow.
He clarified that only specific locations within the rail link's construction zone are considered vulnerable, not entire districts like Pasir Puteh. The announcement followed a ceremony for a RM300 million Sukuk Wakalah Issuance Programme.
A Maybank Islamic Berhad representative stated that the sukuk programme, developed with Permodalan Kelantan Berhad, demonstrates a joint commitment to integrating environmental and social governance into financial markets. He emphasized that such public-private collaborations are vital for creating competitive financing tools that deliver socioeconomic benefits.
He clarified that only specific locations within the rail link's construction zone are considered vulnerable, not entire districts like Pasir Puteh. The announcement followed a ceremony for a RM300 million Sukuk Wakalah Issuance Programme.
A Maybank Islamic Berhad representative stated that the sukuk programme, developed with Permodalan Kelantan Berhad, demonstrates a joint commitment to integrating environmental and social governance into financial markets. He emphasized that such public-private collaborations are vital for creating competitive financing tools that deliver socioeconomic benefits.
