Most Read
Most Commented
mk-logo
News
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...


Please join the Malaysiakini WhatsApp Channel to get the latest news and views that matter.

Unlocking Article
Unlocking Article
View Comments
ADS