The RM55 billion price tag for East Coast Rail Line (ECRL) is not for the cost of construction alone, Transport Minister Liow Tiong Lai said.

Instead, the touted RM55 billion refers to the Financing Framework Agreement, Liow is quoted as saying by Sin Chew Daily today.

He said the cost of construction was very transparent because industry players know the cost for each kilometre of railroad that is laid.