Most Read
Most Commented
Putrajaya withdraws guarantee to finance Penang LRT
Published:  Nov 28, 2020 11:23 AM
Updated: 7:52 AM

The Perikatan Nasional (PN) federal government is not going to provide a guarantee for a RM2.04 billion loan application by the Penang state government for its light rail transit (LRT) project.

According to a report by The Edge Markets, Putrajaya has decided not to grant a government guarantee for the loan, which is to partly finance the RM9.5 billion project.

It quoted Finance Minister Tengku Zafrul Abdul Aziz (above), who said that the decision was...

Unlocking Article
Unlocking Article
View Comments