Most Read
Most Commented
mk-logo
News
BN tells Penang to reveal how much of state land remains
Published:  May 31, 2017 1:26 PM
Updated: 6:46 AM

BN Strategic Communications Team has urged the Penang government to disclose the amount of land it still has amid controversy over the state taking a RM1 billion loan from Exim Bank of China.

The loan is to bridge gaps in financing for the RM47 billion Penang Transport Master Plan (PTMP).

"The Penang government must assure the public that it's gamble will be worth it and will not put the state at risk which future generations of Penang people will have to bear.

"Specifically, the Penang government must disclose how much state land there was before it took over, how much state land was sold or traded away and how much state land remains," it said in a statement.

The team said this is of grave concern given that Penang appears to be funding its rising administrative costs through selling assets...

Unlocking Article
Unlocking Article
View Comments
ADS